Aberdeen boss Martin Gilbert joins Glencore board
Outspoken Aberdeen Asset Management chief Martin Gilbert is rolling up his sleeves to become a non-executive director on the board of mining giant Glencore.
News
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Investors filled their boots in March as fund sales hit new record
Fund sales hit a record level in March as investors reached for UK and global equities, the latest statistics from the Investment Association show.
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The five other presidents who trumped the ‘Trump Bump’
US equity specialist Charles Schwab has poured scorn on the stock market’s so-called ‘Trump Bump’, with research showing the 5.4% market rally is far from the greatest seen during a president’s first 100 days in office.
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Bankers ‘unhappy’ with bonuses
Most London bankers are unhappy with their bonuses but are ‘shackled’ to their jobs to maintain their lifestyles, according to research by salary-benchmarking site Emolument.
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FCA knuckles rapped over complaints handling procedure
The FCA has been criticised by the Complaints Commissioner for parts of its handling of a complaint by a former company chair, and told to review its processes.
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Making the case for investing: The fiver lost 96% of its value in sixty years
Wealth managers looking to make the case for investing to clients may have received help from Lloyds Bank calculations showing the fiver has plunged in value over the long-term.
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Henderson hires former SLI US equities head
Former Standard Life Investments US equities head Steve Weeple has joined Henderson Global Investors’ global growth equities team as a portfolio manager.
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Five funds to “sell in May”
For those investors who are committed to the old adage, Canaccord Genuity Wealth Management’s Patrick Thomas lists his choice for (top) bottom funds to jettison before the summer holiday.
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FTSE 100 surges after Shell and HSBC report
The FTSE 100 smashed the 7,270 mark on Thursday morning after Shell reported earnings growth and HSBC’s profits beat analyst expectations.
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EEA ‘death bond’ investors receive $54.5m payout
Investors in the ill-fated EEA Life Settlements Fund will receive a $54.5m (£42.1m, €49.9m) payout for their shares in the so-called ‘death bonds’.
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7IM reports tenth year of consecutive AuM growth
2016 was Seven Investment Management’s (7IM) tenth consecutive year of growth in assets under management.
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Thornburg launches first fixed income Ucits
Thornburg Investment Management continues its push into the UK market with the release of its first fixed income Ucits fund.
