Lam steps up at Walker Crips as Fitzgerald announces retirement
Walker Crips is revamping its executive team after announcing Rodney Fitzgerald has entered phased retirement and that Sean Lam will take over as chief executive.
News
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T Rowe Price makes hire to boost ESG integration
T Rowe Price has appointed a director of research, responsible investing, as it looks to incorporate environmental, social and governance (ESG) considerations into its investment research process.
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HMRC’s rules for IHT on downsizing property are ‘impenetrable’
New HMRC guidelines on how people can downsize their home but retain the value of their previous residence for inheritance tax reduction purposes have been branded ‘impenetrable’ by accountancy body the ICAEW.
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Kempen launches European high yield fund
Kempen Capital Management has launched a European high yield fund targeting returns from the BB segment of the market.
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Rising advisory costs eat away at managers’ margins
Asset managers are seeing their margins being eroded because investment advisory costs are increasing while management fees are coming down, research has found.
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Lombard Odier IM lags private client, fintech ventures
While the Swiss bank raked in higher assets during the first six months of the year, its asset management business lagged behind its private client and fintech offerings.
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Investors hedge US equity positions
European investors have been responding to this year’s dollar weakness by hedging their investments in US equities, according to Morningstar data.
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JOHCM’s external research to cost £5m per annum
J O Hambro Capital Management (JOHCM) has joined the roster of investment managers who will pay for external research costs through their own profit & loss account, a move which will cost it an additional £5m per year.
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Tilney makes eleventh hour bid for Smith & Williamson
Tilney Group has reportedly submitted a last-minute bid for rival Smith & Williamson to derail its imminent merger with Rathbones.
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LGIM appoints lead manager on Real Income Builder fund
Legal & General Investment Management has added to its active equity team with the hire of Nigel Masding from Longview Partners.
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Gold rallies to highest level this year after North Korea missile launch
The price of gold surged to its highest level so far this year in the wake of North Korea firing a missile over Northern Japan.
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Euro powers ahead as Draghi keeps silent
The euro has reached multi-year highs against all other major currencies this week as ECB-president Mario Draghi gave a blank speech at the Fed’s Jackson Hole meeting.
