Seneca poaches Amundi fund manager
Seneca Investment Managers has poached Gary Moglione from Amundi Asset Management as it builds out its investment team and splits out responsibility for developed and emerging equity markets.
News
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PI woes force pension transfer firm to pull advice service
UK pension transfer specialist O&M Pension Advice will cease advising clients from 1 July after it ran into “unexpected difficulties” with its professional indemnity (PI) insurer, a problem that is becoming more common in the advice market.
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Six managers on whether the Bank of England will hold or hike
Weak Q1 GDP data and comments from Mark Carney have seemingly put the kibosh on a May rate hike, but the Bank of England’s trajectory is far from certain. Portfolio Adviser asked fixed income analysts and managers whether they think the BoE will begin tightening or hold off.
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Challenging the naysayers on high yield ETFs
High yield ETFs have a reputation for poor tracking difference, but 7IM senior portfolio manager Peter Sleep argues there are still ways for passive investors to access the asset class.
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HSBC $2bn share buyback fails to impress shareholders
HSBC’s $2bn share buyback programme failed to appease shareholders as profits over the first quarter disappointed.
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Whitechurch slices Dynamic Model portfolio fees
Whitechurch Securities has sliced the management fees on its Dynamic Model portfolio range from 0.35% to 0.10%.
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Nutmeg ordered to pay ex-client for ‘irritating’ mistakes
The Financial Ombudsman Service has ordered Nutmeg to pay a former client for “numerous mistakes” surrounding direct debits on his pension plan that were likely to cause irritation.
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How nine multi-asset funds are managing duration
Fixed asset allocation in the passive Vanguard Lifestrategy range has seen duration soar above 9 years, so how are active multi-asset managers positioned as interest rates look set to rise?
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Richard Branson plans fund launch
Virgin founder Sir Richard Branson is set to co-manage a private equity fund targeting consumer deals.
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OMGI spin out will not be named after Buxton
Old Mutual Global Investor’s single strategy spin out has not taken Richard Buxton’s name for its branding, unlike other boutique brands launched by star fund managers.
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Robo-advice manager spots Brexit bias on UK equities
Brexit-voting fund managers are more likely to be positive on the outlook for the UK economy, according to Nutmeg investment manager James McManus.
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Assets fall in UK funds industry despite inflows
Despite positive net retail sales across the UK authorised funds industry, assets under management fell 2% in March due to market movements, Investment Association data shows.
