City bigwigs push for £2bn impact fund
A £2bn fund should be launched to kick-off investment in underdeveloped communities and mark the UK out as a hub of impact investing, a panel of top City players has said.
A £2bn fund should be launched to kick-off investment in underdeveloped communities and mark the UK out as a hub of impact investing, a panel of top City players has said.
Legg Mason has promoted Joe O’Donnell to head of wealth management distribution and investment trusts.
Brian Clay has left his role as head of UK wholesale at Amundi Pioneer, Portfolio Adviser has learned.
The first exchange-traded notes tracking the price of ether, a ‘crypto-fuel’, have been launched for European investors.
Kames Capital is heading out west to the US, offering American investors access to two global equity strategies.
The CFA Society has appointed three fellows in recognition of their “exceptional service” to the investment profession.
Sanlam UK has appointed Charlie Parker as head of portfolio management.
Big brand names in Europe used to be reliable performers, but online businesses have been making them less attractive investments, according to Martin Todd, manager of the Hermes European Alpha Fund.
The head of global multi-asset strategy at JP Morgan Asset Management (JPMAM) has described any attempt to time a market correction as a “fool’s errand”.
Going short-duration, the biggest consensus trade in fixed income, is not the safest bet for bearish investors, Hermes Investment Management’s co-head of credit Fraser Lundie has warned.
The ECB is considering cutting its monthly bond buying from €60bn to €30bn at its next board meeting on 26 October, according to a Bloomberg report.
Provident Financial’s shares rebounded sharply as it updated the market on its recovery plan, offsetting a £120m loss and news it will not be paying a full-year dividend.