Harwood joint CEO steps down
Harwood Wealth Management Group has announced its joint chief executive officer Neil Dunkley will be stepping down amid a board reshuffle.
News
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SLI senior duo retire amid equity manager overhaul
Two senior managers from Standard Life Investments’ UK and global teams have retired, amid an overhaul to its equities division, which has seen four other managers depart.
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Morningstar launches outsourcing unit for Mifid II
Morningstar has launched a unit for advisers and financial institutions to outsource fund selection and asset allocation in a “post-Mifid II world”.
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AIC adds alternatives experience to board
The Association of Investment Companies (AIC) has appointed alternatives expert Susie Farnon to its board of directors.
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FCA accused of failing to address fund manager pay
The FCA has been accused of failing to address fund manager pay in its asset management market study, despite remuneration being the largest source of costs.
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Conviviality short delivers for Blackrock investment trust
A short position in Conviviality has delivered for Blackrock Throgmorton, according to its first portfolio update since investors voted in favour of expanding the portfolio’s investment universe.
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Sorrell’s exit exposes governance red flags
Martin Sorrell’s sudden resignation from WPP amid personal misconduct allegations raises questions about executive pay and the ad giant’s reliance on its former CEO, according to Luke Hildyard, director at the High Pay Centre.
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Aviva hires SLI man for real estate team
Aviva Investors has poached Standard Life Investments’ head of continental European real estate to head up its UK real estate division.
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Jupiter nabs Steve Cohen hedge fund alum for long/short launch
Jupiter Asset Management has appointed a former alumnus of Steve Cohen’s hedge fund, Darren Starr, to its growing liquid alternatives business as it plans to launch a US equity long/short fund.
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Mark Barnett joins predecessor Woodford in FE Hall of Fame
Invesco Perpetual UK equities manager Mark Barnett has joined his predecessor Neil Woodford in the FE Hall of Fame for fund managers that consistently deliver alpha, despite both fund managers currently being fourth-quartile in their sectors.
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Coutts launches social network for clients
Coutts has launched a digital platform for its wealthy clients to interact online.
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Terry Smith and Nick Train suffer as Sage shares slide 15%
Shares in British software firm Sage, owned by a slew of big shareholders including Terry Smith and Nick Train, have taken a major hit after the group missed its revenue growth target.
