Merwanji hire boosts GAM’s private client business
GAM has strengthened its private clients and charities business with the hire of Perhad Merwanji as portfolio director.
News
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FCA targeted more individuals than firms in 2016
The Financial Conduct Authority convicted more senior executives and financial employees than firms last year, a report from Duff & Phelps reveals.
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Miton’s Rayner: Diversification isn’t dead
Miton Group’s Anthony Rayner is hedging against an uncertain growth outlook by upping his exposure to atypical diversifiers, investing in uncorrelated equity themes and quality, short-dated corporate bonds.
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Record-breaking European flows puts US in the shade
Inflows to European-domiciled funds hit a record high in the first half of 2017 at the expense of their struggling US counterparts, according to the latest data from Morningstar.
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Higher IHT take points to a more aggressive HMRC
The IHT take has risen dramatically in the last two years leading NFU Mutual to warn that HMRC may be getting more aggressive with estates, even as the new nil rate residence band is introduced.
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Barclays’ loss sparks fears ‘good bank is getting worse’
Barclays seems to have got a handle on its “bad bank”, but it nevertheless swung to a loss over the first half of the year, leaving analysts feeling “the good bank is getting worse”.
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Church House eyes expansion with new hire
Church House Investment Management has hired former Sanlam FOUR staffer Paul Zoltowski to lead its business expansion as client director.
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Woodford defends plummeting AstraZeneca stock
Star fund manager Neil Woodford has defended his significant holding of pharma giant AstraZeneca after weak half-year results sent the stock price tumbling on Thursday morning.
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Ten need-to-know trusts for investors
Hits on the AIC website have soared in recent months, but which investment trusts have been peaking investor interest so far this year?
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Bond investors sleepwalking into duration risk
Two asset managers have warned that bond investors, particularly those in passive vehicles, are too exposed to duration risk without realising it.
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Livingbridge’s Wotton to lead new multi-cap equity fund
Livingbridge has launched a new equity income fund, its second vehicle set up for lead fund manager Ken Wotton.
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Revised managers’ regime will uncover ‘reckless and criminal’ firms
The Financial Conduct Authority’s extension of the senior managers’ regime will help weed out “reckless and criminal firms”, financial adviser support firm SimplyBiz Group says.
