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£130m for St James property fund

St James&#39s Place&#39s commercial property fund has taken in £130m in the six months since its launch. The fund, which is managed by Duncan Owen of Insight Investment Management, invests in a mix of retail, office and industrial properties.


Testing times for KFI systems

AMI director Chris Cummings“In September, the AMI challenged all lenders to publish their KFI test systems. Failing this, we said that they should have them ready by the start of October so that their customers (that is the intermediary market, in case anyone forgets), could test them out. It would seem odd, after all, that […]

Destini acquires three more IFAs

Destini has bought three more businesses, adding £1.5m to its turnover and a further 15 advisers to the group. The new acquisitions are Bournemouth-based Swift IFA, Adams Tingle Financial Services of Kettering in Northamptonshire and Vivienne Shepherd & Co from near Newcastle. Adams Tingle managing director Gary Keyes says he wanted his firm to be […]

Tory pension promise not costed- BSA

The Building Societies Association has hit out at promises made by the Conservative Party at their annual conference in Bournemouth to use unclaimed assets in banks and building societies for victims of pension wind ups. The BSA says this is an uncosted policy, as no thorough work has ever been undertaken as to the full […]

Steer clear of smaller companies funds, says Merrill chief

Merrill Lynch fund manager Richard Plackett has told IFAs to steer clear of 80 per cent of smaller companies funds after branding their performance unacceptable. UK smaller companies chief Plackett says only 12 of the 62 funds in his sector have an acceptable performance level. He believes that advisers should not put up with investment […]

Global energy: positioning for a recovery in the oil price Š

Richard Hulf explains how he and John Dodd have positioned the Artemis Global Energy Fund and where they are finding opportunities. Richard explains how he and John are changing the complexion of the fund to focus on the most efficient oil producers. As he tells journalist Alexis Xydias, in this environment of lower prices, he […]


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