The board of the Schroder UK Growth fund is dumping Schroders as its manager and replacing it with Baillie Gifford, citing continuous underperformance since inception as the reason behind the decision.
The UK’s BT Pension Scheme has sold a 60% stake in Hermes Investment Management to US asset manager Federated Investors in a £246m deal with plans to utilise distribution capabilities on both side of the Atlantic.
Blackrock Income and Growth Investment Trust underperformed its benchmark index during the first quarter as holdings in British American Tobacco and RELX Group stymied returns.
Making good on campaign promises made in the run-up to the 2016 election, Donald Trump has threatened tariffs of $160bn against China, while retaliatory measures from the Asian powerhouse totalling $50bn aim to target politically-sensitive areas of the US economy. Portfolio Adviser asks the investment industry which sectors would be worst hit if the war…
First Trust Global Portfolios has launched what it claims to be Europe’s first blockchain ETF.
Polar Capital and Man Group have posted positive net flows and boosted assets under management during a volatile first quarter.
Absolute return joined the majority of Investment Association (IA) sectors that failed to deliver positive returns in Q1, with only five sectors making investors money over the period, according to BMO Global Asset Management.
First Group has rebuffed an undisclosed offer from Apollo Global Management, claiming it “fundamentally undervalues” the business.
Crispin Odey has taken a high conviction bet against UK government debt, but the leveraged position could have implications for economies of scale in his quickly shrinking fund if it goes wrong.
Discretionary fund manager and platform provider Parmenion has partnered with Sanlam to launch an open-architecture onshore bond.
During a rockier-than-anticipated first quarter, which investment trusts rose to the top? Portfolio Adviser examines the 10 best performers on a share price basis, using data from Stifel.
Rathbones has removed its entire holding in Facebook from its Global Opportunities fund, with the fund manager saying the company has lost its consumer trust, but several investors continue to have large holdings in the stock.
