LGIM’s higher inflows fail to sway markets
Despite a strong showing from its investment management business and higher profits for the group as a whole, Legal & General’s shares tumbled 2% on Wednesday.
News
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Ban and fine against former UK adviser network CEO upheld
An appeal by the former chief executive of an adviser network to overturn a ban on having ‘significant influence’ on any regulated activity has been struck down and a fine upheld by the UK’s Upper Tribunal Tax and Chancery Chamber.
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Waverton’s hiring spree continues with non-executive appointment
Waverton Investment Management has appointed David Rosier as a non-executive chairman, replacing John Anderson who has retired after 25 years with the firm.
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Appetite for absolute return falls to new low
Fund selectors are losing enthusiasm for absolute return funds and appetite for long/short equity and bond funds as well as multi-strategy funds has fallen to its lowest point in two years.
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Lincoln PIO upping cash while touting EM
Lincoln Private Investment Office’s CIO Fred Hervey is anxious about a comeback for the US dollar and a potential market sell-off, but he says the group is sticking by its EM conviction because of its “margin of safety” from good valuations.
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Post-financial crisis: Where did your money work the hardest?
This Wednesday (9 August) marks 10 years since the global financial crisis began, the morning BNP Paribas finally halted redemptions from funds containing now-infamous CDO instruments. We take a look at six sectors to see where you would have been best placed to invest in the decade that followed.
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Former OMGI manager Message joins LGIM
Former Old Mutual fund manager Stephen Message has joined Legal and General Investment Management’s global income team.
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Standard Life suffers more outflows ahead of Aberdeen merger
Standard Life announced £3.7bn in net outflows in its half-year results, less than a week before it solidifies its partnership with Aberdeen Asset Management.
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Research questions long-term performance of tracker funds
With the exception of funds tracking the US and UK mid caps, no passive funds have been able to generate first or second quartile performance in their respective sectors over the past 10 years, according to research from Chase de Vere.
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Janus Henderson outflows slow to $1bn in Q2
Janus Henderson today reported a slowdown in asset outflows in the second quarter of this year in its first set of results as a combined entity.
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Sanlam UK appoints Close’s Lovell to head private office business
Sanlam UK has hired Penny Lovell, former head of private client at Close Brothers Asset Management, to launch its private office proposition.
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US equities advance makes European investors run
The US equities rally has been given a fresh boost this year by continuing earnings upgrades and a weakening dollar, but Europe’s investors are not buying it.
