Boutique managers announce £1.7bn merger
Two boutique asset managers are joining forces to create a $2.3bn (£1.7bn) active investment house with a focus on Asia and high-conviction strategies.
News
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Neuberger Berman slams credit agencies on ESG failings
“Much more needs to be done” by the big three credit ratings agencies to incorporate environmental, social and governance (ESG) concerns into their issuer ratings, according to Neuberger Berman.
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Platforum shakes up senior research team
Platforum has shaken up its senior team with two promotions, it announced on Monday.
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Chase de Vere to launch model portfolio service
Chase de Vere has revealed plans to launch a discretionary model portfolio service this year amid growing client demand and stiff competition from other firms.
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Wealth manager AFH acquires third firm
Wealth manager AFH has continued its acquisition spree with the purchase of Hertfordshire-based Monopoly Financial Consultants for £631,000.
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Mattioli Woods’ revenue boosted 16% by cost cutting
Mattioli Woods posted another consecutive period of revenue growth, as its cost cutting initiatives helped attract more clients.
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FCA bans former RBS trader for role in Libor scandal
A former RBS trader has been banned from working in finance and fined £250,000 by the Financial Conduct Authority (FCA) for his role in the Libor rigging scandal.
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Mobius announces retirement from Franklin Templeton
Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January.
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Three themes to consider for multi-asset positioning
Andrew Harman, senior portfolio manager at First State Investments, believes strength in emerging market equities, rising inflation and low high-yield spreads will influence the firm’s multi-asset portfolio positioning in the year ahead.
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Platforms suspend funds over missing Priips document
Bestinvest has temporarily removed a handful of investment trusts from its platform as providers failed to deliver the documents required by regulations which came into force last week.
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FSCS system overhauled after Arch Cru compensation failure
Financial compensation calculations have been overhauled following failures which meant beleaguered investors in two Arch Cru funds were underpaid by about £800,000.
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HMRC reveals top 10 tax fraud cases of 2017
In its ongoing fight against tax evasion, HM Revenue & Customs has revealed its top 10 tax fraud and organised crime cases of 2017. The list includes people with offshore accounts, a would-be spy, millionaires, accountants and data thieves. All cases came with large prison sentences.
