Laura Suter

Who is powering the new age of robo-advisers?

The rise of the robots has been an ongoing discussion point in the financial services industry, but little mention is made of the companies behind the brands. Winterflood Business Services is one of those that powers the new age of robo-advisers, such as Moola, Wealthify, Scalable Capital, Moneybox and Netwealth. WBS head Alex Kerry says: […]

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Man Group appoints new CIO in senior reshuffle

Man Group has appointed Sandy Rattray as its new chief investment officer in a senior management reshuffle following the appointment of Luke Ellis as chief executive. Ellis was named as the asset manager’s new chief executive following the departure of Manny Roman to move to Pimco. Rattray will take over the CIO role at the […]

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Schroders fixed income manager exits

Schroders fixed income manager Gareth Isaac has left the asset manager. Isaac worked in the global multi-sector team and manages or co-manages a number of bond funds at the asset manager, including the Schroder ISF Global Inflation Linked Bond fund, the Schroder Strategic Bond fund and the Schroders Absolute Return bond fund. Schroders is looking for a replacement […]

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Has Bank of England’s QE package overshot its mark?

Bond prices have spiked causing yields to fall following the Bank of England’s latest tranche of bond buying, prompting some to question whether the Bank’s QE package has gone too far. Yesterday, the Bank of England bought £1.17bn of gilts with maturities of 15 years or longer as part of its stimulus programme. In the reverse […]

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City firms shrug off Brexit impact

The financial services industry has not been hit as hard by Brexit as many expected with warnings of job losses and staff relocations not having yet materialised, a new report from EY finds. Research by the consultancy giant, which tracked every public statement made by 232 different financial firms, found that the repercussions of Brexit has […]

FCA to review absolute return funds

The FCA plans to include a review of absolute return funds in its asset management market study, according to reports. The FT reports that the regulator is investigating absolute return funds amid poor performance and the flood of money to the strategies in recent years. A spokesperson for the regulator told the newspaper: “We are […]

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Rory Percival quits the FCA

Rory Percival, a technical specialist at the FCA, is leaving the regulator after 10 years. Percival joined the FSA in 2006, a month after the announcement of RDR, then moving to the FCA when it was formed. He has worked on various aspects of the regulator’s work, including RDR, CIPs, risk profiling and platform use by […]

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Helena Morrissey steps down as Newton chief exec

Helena Morrissey has quit as chief executive of Newton Investment Management, after more than 20 years at the firm. She will step down from the head role at the £52bn asset manager to become non-executive chairman at the firm. Hanneke Smits has been appointed to replace Morrissey. Smits was previously chief investment officer of Adams Street […]

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US stockpicker Bill Miller parts with Legg Mason

Legendary US stockpicker Bill Miller has parted ways with Legg Mason, after the multi-boutique firm decided to concentrate on its core brands. Miller has bought out the 50 per cent share Legg Mason had in his investment business LMM. The division runs $1.8bn in assets including the Legg Mason Opportunity Trust. Joe Sullivan, chief executive of […]

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Investment trade body inadvertently reveals fund manager underperformance

Data included in an Investment Association report to highlight the absence of hidden fees in the asset management market shows the poor returns delivered in some sectors, prompting industry experts to call for underperforming fund managers to cut their charges. This week the Investment Association said it found “zero evidence” that funds’ returns are affected by hidden […]

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Ingenious hits back at ‘false’ HMRC claims in film partnership case

Film partnership firm Ingenious has hit back at HMRC for “deliberately confusing” the scheme with proven tax avoidance schemes. Ingenious chief executive Neil Forster has accused HMRC of making assertions that are “factually wrong” and for incorrectly linking it to tax avoidance scheme Icebreaker. The comments come after both HM Revenue and Customs and Ingenious film partnerships […]