Premier hits £5bn AUM and swings to profit
Premier Asset Management achieved a record level of assets under management during the year and rebounded from its 2015 loss.
News
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Indices to include China bonds in 2017 – UBS AM
Chinese government bonds could be included in the global benchmark indices next year, according to Hayden Briscoe, Asia-Pacific head of fixed income at UBS Asset Management.
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Trump Tantrum in emerging markets prompts $24bn exodus
Foreign investors took their money out of EM assets at the fastest pace since the 2013 Taper Tantrum in November, according to the Institute of International Finance (IIF).
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Oil spikes after OPEC strikes first deal in 8 years
The price of Brent crude oil surged above $50 per barrel as rumours swirled that OPEC members had finally reached an agreement, which was later confirmed.
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IFA director banned over missing £4m
The director of a bankrupt UK-based IFA firm, who also ran a trading room, has been disqualified for eight years for failing to account for more than £4m ($4.9m, €4.6m) of client’s money, the Insolvency Service has revealed.
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Cornelian AM launches risk managed passive range
Edinburgh-based Cornelian Asset Managers has launched a new range of risk managed passive funds to sit alongside their existing multi-asset offering.
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Woodford IM and L&G to fund UK start-ups
Woodford Investment Management (IM) and Legal & General’s principal investment arm have taken stakes in a £150m venture platform to support UK digital start-ups at all stages of the funding cycle.
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RBS stress test failure sends shares spiralling
Shares in RBS had fallen 5% top 187.2p by mid-morning on Wednesday after the bank emerged as the biggest failure in the Bank of England’s latest stress test scenario.
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Asian investor confidence slips on Trump fears
Confidence among non-US investors declined significantly in November, according to the State Street Global Investor Confidence Index.
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Brewin hit by 18% fall in pre-tax profits
Brewin Dolphin has posted a 17.9% fall in pre-tax profits as it has published its preliminary annual results for 2016 in a year that included a “challenging” first half.
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Pacific Investments launches multi-asset retail arm
Sir John Beckwith’s Pacific Investments group has launched Pacific Asset Management (PAM), which will initially focus on the multi-asset retail space, with institutional fund launches planned at a later stage.
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Long-term oil price rally a pipe dream – WisdomTree
WisdomTree research analyst Nick Leung has cautioned investors against the widespread optimism on a sustained oil price rally, suggesting the long-term pain of lower prices could continue.