UK investors pile into bonds and sell down UK equities
Investors piled into the IA Sterling Strategic Bond sector in May, while UK equity funds experienced a net retail outflow of £479m, according to the latest IA statistics.
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Investment trust discounts fall in second quarter
Uncertainty stemming from last month’s general election was not enough to stop discounts in the investment trust sector continuing to tighten, according to Winterflood Investment Trusts.
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Canaccord Genuity buys Hargreave Hale to create mega wealth manager
Canaccord Genuity Wealth Management has agreed to acquire fellow wealth management business Hargreave Hale for £80m, it has announced.
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Mattioli Woods’ revenues exceed £50m
Cantor Fitzgerald has retained its buy recommendation on Mattioli Woods after the wealth manager disclosed its total revenues for the year will exceed £50m.
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JH&P: 100-month bull run still has legs
The 100-month long bull market still has further to run according to the investment team at James Hambro and Partners.
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Smith and Williamson announces partner promotions
Smith and Williamson has elevated several staff from across the company to partner level, it announced today.
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Troy hires BlackRock’s Wharrier
Troy Asset Management has hired BlackRock’s Mark Wharrier to become assistant manager on the £3.5bn Trojan Income fund.
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Ramon Vega’s asset management firm forced to refund £60k of fees
A wealth management firm founded by former Spurs footballer Ramon Vega has been ordered to refund nearly £60,000 in fees by the financial ombudsman.
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FCA extends Mifid II rules to DFMs and portfolio managers
The FCA has extended the scope of some areas of Mifid II in its final policy paper on the upcoming rules to ensure the “right regulatory regime” for the UK.
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How Psigma has positioned for “negative” turn in asset markets
Discretionary manager Psigma has upped its defensive exposure amid fears asset markets will face a lengthy downturn from next year.
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Are investors becoming complacent to risk?
Rising equity markets and falling levels of volatility place investors at the risk of becoming complacent, according to Schroders’ chief economist Keith Wade.
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Did US equity managers have reason to be cheerful on Independence Day?
On 4 July 1776, the Continental Congress adopted the Declaration of Independence and broke free from the shackles of the British Empire as a new nation – the United States of America. Some 241 years later, we gauge US equity managers’ opinions on the sector. Are there reasons to celebrate or is it time to…
