Cedric Bucher poaches from Ascentric for residential firm
Cedric Bucher has poached David Hall from Ascentric as the residential asset manager where he was recently appointed CEO sets out to increase its assets under management.
News
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Trump tax cuts entice UK advisers
UK advisers turned to US funds in April as corporates got to work spending the savings from president Donald Trump’s tax reform.
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UK taxman outlines tax avoidance enabler hitlist
HM Revenue & Customs has updated its guidance on who can be considered enablers of tax avoidance and the penalties they will face when caught.
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Aviva Investors multi manager leaves
Aviva Investors’ Richard Rainback has left the business and joined Allfunds Bank as a fund analyst.
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Fidelity fund cashes in on Trump military spend
Fidelity Special Situations fund manager Alex Wright has increased his allocation to defense companies in a move set to exploit Donald Trump’s significant increase in his military budget announced in Q1, as the US attempts to create a more lethal Joint Force.
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The five worst performing funds in April
In April, Mark Carney cast doubt on a May rate rise, UK GDP grew at its most sluggish pace in over five years, US treasuries hit 3% and Russia faced US sanctions. So which funds had the toughest time navigating the month? Portfolio Adviser examines performance figures from FE.
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SocGen announces mass listing of leveraged ETPs
Societe Generale has announced one of the largest launches of leveraged exchange-traded products (ETPs) on the London Stock Exchange as it lists 74 products.
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Ex-Franklin Templeton pair named founding partners in Mobius launch
Mark Mobius has formally confirmed former Franklin Templeton colleagues Carlos Hardenberg and Greg Konieczny as founding partners in his eponymous boutique firm, as details of the planned emerging and frontier markets fund are revealed.
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Blackrock ups stock lending in Woodford trust
Blackrock has upped its stock lending of Woodford Patient Capital Trust, raising questions about whether a short seller is betting against falls in the investment trust or one its large underlying holdings.
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Government seeks adviser input on simplifying IHT
Advisers battling the complexity of the UK’s inheritance tax are being asked to contact the government’s Office for Tax Simplification.
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DFMs using sector ETFs doubles
UK wealth managers are increasing their use of sector ETFs as they seek a wider dispersion of returns and a more granular approach to asset allocation, according to research from SPDR ETF.
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Rathbones creates new exec role in reshuffle
Rathbone Investment Management has moved group finance director Paul Stockton into the newly created role of managing director as it looks to strengthen its executive team.
