Seven Investment Management has agreed to takeover Tcam Asset Management in a bid to enhance its active management capabilities despite the Scottish firm last year expressing caution about merging with another company.
Newton Investment Management has launched a rival fund to the limited selection of ethical options in the Sterling Strategic Bond sector.
Montanaro UK Income has been promoted to The Adviser Centre’s recommended funds list more than four years since its mandate shifted from pan European equities to UK focussed.
M&G Investments is planning to transfer £34.2bn worth of non-sterling assets ahead of the UK’s exit from the European Union.
Brewin Dolphin has seen flows into its managed portfolio service (MPS) slow despite announcing earlier this year that it would be cutting costs by between 17% and 27%.
HMRC’s decision to appeal a £15m tax ruling in favour of Hargreaves Lansdown leaves the investment industry in limbo over discount mechanisms on funds.
While the AIMS Target Return Fund has delivered its volatility pledge, barely budging in reaction to China growth fears in 2015 and 2016, or to Brexit and the election of Donald Trump as president of the US, it has missed its return target by a significant amount.
JP Morgan Asset Management has announced a raft of hires to its UK fund sales team.
Old Mutual Wealth Private Client Advisers has acquired DG Pryde, an advice firm based in the Scottish town of Duns, outside of Edinburgh, marking the fith acquisition in less than a year.
Market volatility in Q1 failed to hit Hargreaves Lansdown assets under administration (AUA), which grew 3.1% over the first four months of the year.
Nick Train has said he will not be drawn into investing in oil majors despite the bumper returns they have delivered for his investment trust’s FTSE All Share benchmark.
The FCA has slapped a fine and prohibition order on a former St James’s Place trainee financial adviser who repeatedly lied and faked a document in a bid to advise retail investors without gaining the necessary qualifications.
