M&G confirms double veteran departure
M&G veteran fund manager Richard Hughes is to retire in March next year, while Aled Smith is stepping down from running the M&G Global Leaders Fund in April.
M&G veteran fund manager Richard Hughes is to retire in March next year, while Aled Smith is stepping down from running the M&G Global Leaders Fund in April.
JO Hambro Capital Management (JOHCM) is under investigation by the Financial Conduct Authority (FCA) for about AUS$8.6m of services paid for out of dealing commissions over the course of a decade.
Royal London Asset Management (RLAM) has expanded its equity team with two hires to replace fund manager Derek Mitchell who has decided to retire after 30 years in the industry.
Coram Asset Management taken on a new name, MitonOptimal (UK), and announced the launch of a model portfolio service following its acquisition of Minerva Fund Managers earlier this year.
The City will remain prosperous even after the initial shock of Brexit according to a report commissioned by Woodford Investment Management.
Sainsbury’s interim figures underwhelmed markets on Thursday but CityFibre’s shares were through the roof as it announced a new partnership with Vodafone.
An upward trend in interest rates does not automatically equate to negative bond returns, despite the commonly-held market belief that it does, Blackrock has argued.
Nomura Asset Management has launched a European High Yield Bond fund targeting a benchmark plus 2% annual return.
Coinciding with the launch of the global income fund, Evenlode co-founder Ben Peters gives Portfolio Adviser a taster of the large and small “hidden champions” comprising the portfolio.
Strong inflows into strategic bond funds helped fuel the largest ever month for net flows into UK domiciled funds in September, according to the Investment Association.
Analysts and markets were decidedly mixed on Marks and Spencer’s latest set of interim figures, which showed a more encouraging picture for its clothing and home business, while its traditionally stronger food business was hit by weak sterling.
BNY Mellon has launched a Ucits version of its existing US equity fund, offering an actively managed large cap portfolio for investors in the UK and Europe.