SLI adds oil majors strategy to Gars portfolio
Standard Life Investments has added an oil majors versus global equities strategy to its Global Absolute Return Strategies to exploit rising commodities prices.
News
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Trojan Income back at square one after swift Wharrier exit
The Trojan Income fund is back at square one as fund manager Mark Wharrier jumps ship to Majedie Asset Management just seven months after he was poached from Blackrock.
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Staley slapped with £600k fine for whistleblowing scandal
Jes Staley has been slapped with a fine in excess of £600,000 for a breach of conduct in his attempts to uncover a 2016 whistleblower.
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Bearish Ruffer benefits from strong dollar
US dollar exposure has helped bearish Ruffer as UK economic growth grinds to a near halt.
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Buxton slams corporate activity under male-heavy boards
Old Mutual Global Investors CEO Richard Buxton has slammed the cost of predominantly male boards to shareholders as he blames a lack of diversity for poor corporate decision making.
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Morningstar to revamp sustainability ratings
Morningstar is to change its sustainability ratings methodology, which allows investors to evaluate funds based on the sustainability profile of their underlying holdings, by the end of the year.
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AllianceBernstein confirms Brexit plans for UK clients
AllianceBernstein has confirmed it has a plan in place to launch an Oeic range for UK clients if Brexit turns sour.
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BT’s transformation plans met with scepticism
BT’s plan to become a leaner business through aggressive cost cutting and staff redundancies was not well received by markets on Thursday, as investors remained dubious of the telecom giant’s long-term prospects.
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BoE holds rates as ‘unreliable boyfriend’ returns
Bank of England governor Mark Carney has re-earned his moniker as an ‘unreliable boyfriend’ as the monetary policy committee votes 7-2 to hold rates at 0.5%.
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Rathbones suffers 3% fall in FUM
Rathbones suffered a 3% fall in funds under management (FUM) during the first quarter of the year, driven by market volatility and higher outflows.
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Capita shares rebase after rights issue begins
Capita’s share price has fallen 38% after the firm admitted more than one billion shares to the London Stock Exchange.
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Gaskell leaves Blackrock after 24 years
Alice Gaskell, portfolio manager on three of Blackrock’s European equity funds, is leaving the firm after 24 years.
