Tilney boots Woodford from buy list
Tilney has ditched Neil Woodford’s flagship fund from its buy list due to performance and liquidity concerns, echoing sentiment from other platforms that have dropped the UK equities manager.
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JPMAM poaches from Vanguard for ETF expansion
JP Morgan Asset Management (JPMAM) has nabbed a capital markets specialist from Vanguard Asset Management as it makes six appointments to its international ETFs business.
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Omnis dumps Schroders for Colin Morton on largest mandate
Omnis Investments has booted Schroders from its largest subadvised fund with Franklin Templeton set to takeover the UK equities mandate next week.
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Invesco forges adviser links with Intelliflo deal
Invesco has entered a direct relationship with advisers with the purchase of back-office software provider Intelliflo for an undisclosed sum.
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IA calls out bond market inefficiencies
The Investment Association has called for reform in the bond markets to address certain inefficiencies which are leaving investors ill-equipped to make informed investment decisions and trapped in illiquid positions.
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Temit overlooks Hardenberg exit as discount widens
The Templeton Emerging Markets Investment Trust board has blamed market volatility rather than the sudden exit of its lead manager Carlos Hardenberg for the widening of its discount in February and March.
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Football legend says asset manager fraud bankrupted him
Former Premier League footballer Colin Hendry said he will be seeking compensation if an investigation into Kingsbridge Asset Management proves its staff conspired to defraud a large number of its high net worth clients.
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Blackrock undercuts Vanguard with slashed fees
Blackrock has undercut Vanguard by slashing fees on an iShares emerging markets product and matching its rival’s pricing on four European equity funds.
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Netwealth appoints two shareholders to board
Wealth manager Netwealth Investments has appointed two of its shareholders, Edward Bonham Carter and Merryn Somerset Webb, as non-executive directors.
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Gearing on Scottish Mortgage soars to £735m
Scottish Mortgage has signaled confidence in its portfolio of growth companies and tech names by increasing gearing on the £7.7bn investment trust 30%.
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JPMAM boosts fixed income firepower with six hires
JP Morgan Asset Management (JPMAM) has made a raft of hires to its global fixed income team to help address changing central bank monetary policy, rising interest rates and the late stages of the credit cycle.
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RBS share sale a boon for recovery investors
The government’s decision to sell 7.7% of its shares in Royal Bank of Scotland (RBS) will give the beleaguered bank’s financial health a much-needed vote of confidence which should sit well with recovery investors, according to analysts.
