Within the fund industry, 2017 has been widely heralded as ‘a year for active managers’. This has been underpinned by a strong belief markets would once again focus on fundamentals, after a number of years when central bank policy and geopolitical concerns were driving asset prices. Portfolio Adviser looks at the performance of active managers…
Walker Crips has reported a 12% jump in group revenues for the year ended 31 March 2017, while its profits before tax almost doubled compared with the previous year.
BNP Paribas has agreed a $246m (£189m) settlement with the US Federal Reserve Board over misconduct in its foreign exchange (FX) business between 2007 and 2013.
UK inflation has fallen month-on-month for the first time since April last year, reducing the likelihood of an August interest rate rise.
Potentially thousands of financial advisers could fall foul of the new Mifid II regulations for having the wrong type of intermediary agreement with their discretionary fund managers, the Personal Finance Society has warned.
Sentiment among UK investors has plummeted to its lowest level this year, the latest monthly data from Lloyds Private Bank and Hargreaves Lansdown has confirmed.
The Financial Conduct Authority has confirmed that it took action to stop eight UK firms, including deVere and Holborn, conducting and/or arranging overseas pension transfers in the last financial year but has declined to name them all.
The Financial Conduct Authority (FCA) has launched a review aimed at assessing whether investment platforms, including those offered by life companies, operate in the customer’s best interests.
China pulled out better than anticipated growth over the second quarter, leading analysts to speculate it could have greater momentum moving forward.
Ex-Neptune China fund manager Douglas Turnbull has landed at Invesco Perpetual’s emerging markets team, following his recent departure from the firm.
Fidelity International has expanded its multi-asset team with the hire of Janus Henderson’s Chris Forgan.
Gavin Rochussen has today taken up his role as chief executive of Polar Capital.
