Legg Mason announces head of wealth management
Legg Mason has promoted Joe O’Donnell to head of wealth management distribution and investment trusts.
News
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Amundi loses head of UK wholesale
Brian Clay has left his role as head of UK wholesale at Amundi Pioneer, Portfolio Adviser has learned.
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First ETN tracking ‘crypto-fuel’ lists on Nasdaq
The first exchange-traded notes tracking the price of ether, a ‘crypto-fuel’, have been launched for European investors.
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Kames heads west to America
Kames Capital is heading out west to the US, offering American investors access to two global equity strategies.
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CFA UK appoints three fellows
The CFA Society has appointed three fellows in recognition of their “exceptional service” to the investment profession.
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Sanlam UK appoints head of portfolio management
Sanlam UK has appointed Charlie Parker as head of portfolio management.
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What to avoid when investing in Europe
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.
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Timing a correction is a fool’s errand
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”.
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Hermes’ Lundie: Short-duration isn’t as safe as you think
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.
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ECB to halve QE purchases in 2018
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.
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Provident Financial shares rally as it posts loss and axes dividend
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.
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Ashmore sees strongest net inflows in four years
The emerging market specialist Ashmore Group has reported a $6.3bn (£4.7bn) surge in assets under management during the quarter ended 30 September 2017.
