Trio jailed for misleading investors in £1.4m scam
Three people have been jailed for their role in an investment scheme which misled vulnerable older people into buying £1.4m of worthless shares.
News
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Seven funds to watch for 2018
As the year comes to a close, investment managers have started to prepare for 2018. Portfolio Adviser asked a group of top fund selectors to pick one fund to watch in 2018.
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Hargreaves backs Woodford despite IA rejection threat
Hargreaves Lansdown has backed Neil Woodford’s flagship equity fund despite fears it could drop out of its Investment Association sector on the back of lacklustre performance in 2017.
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Cash balances jump in December
The average cash balance held by global fund managers jumped for the first time in four months in December according to the latest BofA Merrill Lynch fund manager survey.
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Firms given a six month reprieve on key Mifid II rule
The Financial Conduct Authority has backed a move by the European regulator to give firms a six-month reprieve if they fail to secure a key Mifid II requirement from clients.
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Stonehage Fleming reports return to profit
Stonehage Fleming made a return to profit in the last financial year, with revenues and funds under management on the rise.
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BoE protects EU banks even in ‘no-deal’ Brexit scenario
The Bank of England is set to reveal plans which will allow European banks to operate in the UK as normal, even under a “no deal” Brexit scenario.
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GAM to cap bonuses after shareholder revolt on excessive pay
GAM is set to introduce fresh caps on the bonuses paid to its top bosses next year following a shareholder revolt against excessive pay outs earlier this year.
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FCA shuts down £1.2m Cyprus investment scam
The High Court has shut down an unregulated Cyprus-based investment scheme following an application by the Financial Conduct Authority (FCA).
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Global whisky investors’ £10k habit
Whisky investors are spending on average £10,000 a year on rare malts and amassing collections worth £75m, according to a world-wide survey.
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The biggest job moves of 2017
This year seems to have been one which sparked itchy feet for some asset managers, chief executives and long-standing industry veterans who switched up jobs or even retired. Here we take a look back at some of the biggest job moves throughout 2017.
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Rathbones’ Thomson slashes UK exposure
Rathbones’ Global Opportunities Fund has dropped its UK exposure from 25% to 7% over the past year.
