Tanzeel Akhtar

Tanzeel Akhtar is an Investment Reporter for Fundweb and Money Marketing.

Markets cheered as Bank plays down future rate rise

Mark Carney’s first monetary policy committee meeting resulted in no changes to the Bank of England’s monetary policy but surprised markets by playing down the chances of an impending interest rate rise. The Bank of England’s nine-strong committee voted today to hold the size of its quantitative easing programme at £375bn and keep rates at their historic […]

Miton boosts equity income presence with PSigma acquisition

Miton Group is acquiring PSigma Asset Management in a deal worth up to £13m that will bring respected equity income manager Bill Mott under the same roof as small cap specialist Gervais Williams. Miton will pay between £6.75m and £13m in a mixture of cash and ordinary shares to parent company Punter Southall Group, with […]

Armstrong IM mulls restructure as founders split

Armstrong Investment Managers is currently in talks about the future of the company after founders Ana Armstrong and Patrick Armstrong filed for divorce. The couple have decided to go their separate ways and are in contact with the regulator to discuss the future of their business, which is likely to be restructured. The duo manage […]

Investors cautioned on QE tapering over-reaction

With the Federal Reserve suggesting it could start to taper its quantitative easing programme later this year, investors have been cautioned against over-reacting to the news. The Fed’s $85bn a month bond-buying programme has been credited with keeping markets afloat, so chairman Ben Bernanke sparked panic when he said in May that it would be […]

Armstrong IM mulls restructure as founders split

Armstrong Investment Managers is currently in talks about the future of the company after founders Ana Armstrong and Patrick Armstrong filed for divorce. The couple have decided to go their separate ways and are in contact with the regulator to discuss the future of their business, which is likely to be restructured. The duo manage […]

Octopus moves to maintain qualifying status for Titan VCTs

Octopus Investments has launched a new venture capital fund to allow three of its existing Octopus Titan funds to retain VCT qualifying status. The Octopus Titan VCTs 1-3 will sell their holdings in four underlying portfolio companies – Zoopla Property Group, Graze, Calastone and Secret Escapes – to a new fund that will be financed by institutional investors and […]

Aviva Investors’ multi-asset head Onuekwusi to leave

Aviva Investors lead multi-asset fund manager Justin Onuekwusi is leaving the firm to pursue other opportunities. Onuekwusi manages the five funds in the Aviva multi-asset range, which include the £16.2m Aviva Investors Multi Asset I, £79.1m Aviva Investors Multi Asset II, £81.9m Aviva Investors Multi asset III, £89.5m Aviva Investors Multi Asset IV and £21.1m Aviva Investors Multi Asset V funds. […]

VCT and EIS providers applaud FCA’s Ucis decision

Venture capital trust and enterprise investment scheme providers have welcomed the Financial Conduct Authority’s decision to exclude their products from the ban on the distribution of Ucis to retail investors. In its final guidance on the promotion of unregulated collective investment schemes, the regulator concluded that VCTs and EIS, as well as exchange traded products and […]

Former IMA chief Saunders joins Investec AM board

Investec Asset Management has appointed former Investment Management Association chief executive Richard Saunders as a non-executive director. Saunders spent 11 years at the IMA, the organisation which represents the UK investment management industry, and stepped down from his role at the end of 2012. Saunders played an important role in the creation of the IMA, leading […]

Cazenove seeks to limit inflows into Dean’s funds

Cazenove is looking to stem flows into Julie Dean’s UK Opportunities and UK Equity fund as assets approach £2.5bn. The funds will remain open and available on current platforms for the time being but Cazenove is not seeking to grow their assets and will discourage new business from wealth managers. The asset manager says: “We monitor capacity within […]