Boutique joins list pledging to absorb Mifid costs
SVM Asset Management has announced it will take on the cost of external research under Mifid II rules next year.
News
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Terry Smith to launch sustainable equity fund
Terry Smith is set to launch a fund with a focus on sustainable investing, according to an update on the Financial Conduct Authority register.
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GAM poaches Artemis’ Gosden for fund launch
GAM has hired former Artemis partner Adrian Gosden as an investment director to manage a UK equity income fund it will launch later this year.
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Why the ECB will not hike rates until 2019
The European Central Bank (ECB) will begin unwinding its monetary stimulus programme this year but investors shouldn’t expect a rate hike until at least 2019, according to analysts at Lyxor Asset Management.
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Asset managers U-turn on Mifid II research costs
Schroders Investment Management, Union Investments, Mifid Ii, Mifid 2, Financial Regulation, Blackrock
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Clock ticking for OMGI bids
A deadline for bids to buy out Old Mutual’s asset management arm has given firms two weeks to enter submissions, Reuters has reported.
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M&G’s Rhodes keeps faith in US dividends
The US remains the best dividend market in the world “by a mile” and yield opportunities still exist despite high valuations, M&G’s Stuart Rhodes believes.
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Hendry’s Eclectica Fund shuts up shop after 15 years
Hedge fund Eclectica Asset Management is to close, ending a 15-year run with losses, its manager Hugh Hendry confirmed on Friday.
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Ardevora’s Lang: Natural resource industries ‘trapped’
All is not as stable as it appears in the energy industry, warns Ardevora manager Jeremy Lang, who believes the sector is “a slowly unfolding trap”.
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Five of this year’s stock market laggards
Share markets have surprised many with their resilience to the shocks and surprises over the past year, but we take a look at the top 10 countries in the mighty MSCI All Country World Index (ACWI) and shine a light on those failing to keep up.
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Axa IM in rumoured merger talks
Axa Investment Managers’ (IM) parent company is considering putting it forward for a merger, a report has suggested.
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Researchers to lose $1.5bn in critical post-Mifid era
A halving of the cash spent on research by investment managers could see banks lose $1.5bn in revenue once Mifid II rules come into force next year.
