Walker Crips reports doubling of profits
Walker Crips’ year end results showed strong growth in pre-tax profit, AuM and gross revenue even after factoring in £0.8m in exceptional costs.
News
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Schroders launches gold equities fund
Schroders has launched the Schroder ISF Global Gold Fund, its first gold equities offering.
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Columbia Threadneedle to bolster Luxemborg ops ahead of Brexit
Columbia Threadneedle Investments is looking to beef up its presence in Luxembourg prior to the UK leaving the European Union.
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Franklin Templeton slashes UK equities fees
Franklin Templeton Investments has made big cuts to the fees on three of its UK equities funds.
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Multi-strategy funds limit post-Brexit losses
The three largest multi-strategy funds for sale in Europe have fared better than most other absolute return funds since the UK’s shock vote to leave the EU. However, the Standard Life GARS fund continues to underperform its peers on a longer-term basis.
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Charles Stanley says ‘good’ Brexit scenario more likely than ‘bad’
In the wake of last Thursday’s referendum Charles Stanley has run ‘good’ and ‘bad’ Brexit scenario models and says it sees the good scenario as more likely.
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China’s RMB under devaluation pressure
The Chinese currency is under depreciation pressure, as the country needs to lower its foreign debt levels, according to Mo Ji, the firm’s chief economist for Asia ex-Japan at Amundi Asset Management.
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GAM makes UK acquisition in defiance of Brexit worries
GAM, the acquisitive Swiss asset manager, has made another move. It announced today it bought the UK-based multi-strategy systematic manager Cantab Capital Partners for $217m (€195m).
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Life companies still vulnerable despite share rally
Companies in the life insurance sector will continue to be vulnerable to further market shocks in the aftermath of the Brexit vote despite a rally in shares, research has shown.
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OMGI names new head of bonds
Old Mutual Global Investors has hired Mark Nash as head of global bonds.
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Aggressive acquisition strategy boosts Harwood’s assets
Harwood Wealth Management reported a 36% gain in assets under influence (AUI) to £1.655bn and growth in assets under management (AUM) to £580m from £276m in the six month period to 30 April 2016.
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FTSE continues its bounce back
The FTSE 100 put on another 2% in morning trading on Wednesday following yesterday’s 2.6% climb.