Spearpoint legacy pot wipes Brooks Macdonald profits
Brooks Macdonald saw its profits all but wiped out after setting aside more cash to cover legacy issues related to its acquisition of Spearpoint Capital.
News
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L&G Capital takes full ownership of UK housebuilder
Legal & General Capital has boosted its commitment to UK residential property after acquiring full ownership of an Edinburgh-based housebuilder.
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David Zahn: Populism is not dead, it’s on holiday
Populism in Europe is not dead, it’s just on holiday, according to the head of European fixed income at Franklin Templeton Investments.
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‘Free-riding’ passive investors under central bank scrutiny
Passive investors pay scant regard to the fundamentals of individual securities and free-ride on the work of active investors with implications for financial stability, price discovery and index correlation, according to a paper from the Bank of International Settlements.
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FCA: Regulations ‘only go so far’ in changing culture
Regulation is only “one piece of the puzzle” in addressing financial services culture, according to the UK Financial Conduct Authority (FCA), which has released a paper it hopes will create debate and promote a positive change in the industry.
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Woodford shuns Atom rights issue amid £1.3bn redemptions
Celebrity fund manager Neil Woodford has been forced to cut his stake in Atom Bank after suffering more than £1bn in client redemptions this year.
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Brown Shipley continues London expansion
Brown Shipley has continued to strengthen its London office with the appointment of two client directors.
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Deutsche Bank eyes €1.8bn on asset management IPO
Deutsche Bank has set a price of €7.2bn on its asset management arm, DWS, as it details the price per share for its partial listing on the subsidiary.
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VCT managers beef out tech teams
VCT managers are beefing out their tech teams as the scheme refocuses on earlier stage businesses.
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How to prosper in a low-margin environment
The asset management industry is facing significant new challenges and active managers need to adapt or risk irrelevance, according to an expert at PwC.
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FBI operation delayed shutdown of defunct British DFM
Insolvent discretionary fund manager Beaufort Securities was given a stay of execution by the UK regulator to allow the Federal Bureau of Investigation to finish its undercover operation, it has been revealed.
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Ferguson exits Aberdeen UK Property fund
The lead fund manager on the Aberdeen UK Property fund is retiring from the business after 43 years in the sector.
