Martin Currie hires ex-OMGI boss
Martin Currie has nabbed former Old Mutual Global Investors boss Julian Ide as its head of distribution and strategy.
News
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‘Decoupling back in vogue’: US equity sentiment turns positive
Global fund managers are finally turning positive on US equities and commodities while sentiment towards Europe and emerging markets has cooled, according to the latest Bank of America Merrill Lynch fund manager survey.
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Schroders funds downgraded due to fees
Two Schroder equity funds managed by Jenny Jones have been downgraded due to high fees.
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Trust bends to shareholder pressure to wind-down
The board of Ranger Direct Lending has agreed to close up shop and pursue a wind-down strategy but shareholders are still calling for fresh blood on the board at a pivotal moment for the company.
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Advisers ditch plans to shrink active allocations
Financial advisers have backtracked on plans to decrease their active exposure, instead marginally increasing allocations, according to a survey by Natixis Investment Managers.
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Mifid II unbundling to go global
The US and Asia could be subject to similar research unbundling rules as Europe under Mifid II by 2022, a survey by a research platform provider has shown.
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Comgest enters UK with key hire and London office
Paris-based asset manager Comgest has opened a UK office in London and hired Iain MacPherson to develop its presence in the wholesale market.
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Vitality funds for healthy investors labelled a gimmick
Vitality’s attempt to link fund fees to investor’s participation in healthy activities have been labelled a gimmick by the industry.
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Crux plans office move as staff costs double
Crux Asset Management will move from its Mayfair offices before September as a staff hiring spree sees its wage bill double.
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LGIM’s five laggards on climate change
Legal & General Investment Management (LGIM) has named several companies it will vote against and divest across its entire range of equity funds for failing to address climate change. Click through the slides to find out who has been targeted.
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Machines to help run Blackrock equity range
Blackrock has launched six active equity funds in Europe that will combine “human and machine” management.
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Invesco blames chairman in investment trust spat
Invesco Perpetual fund managers Paul Read and Paul Causer have blamed the behaviour of Enhanced Income chairman Donald Adamson for their resignation from the mandate.
