Britannic is launching a UK alpha boutique to be run by David Stevenson and Andrew Kelly of SVM.
The boutique is to be run in Edinburgh in the same style as the firm’s London-based European boutique, under Barry Norris and Oliver Russ. It will launch a UK opportunities unit trust and a UK equity long short hedge fund.
Stevenson and Kelly currently manage the SVM UK opportunities fund and the SVM Saltire hedge fund and will move to Britannic after working their notice.
Work and Pensions Secretary David Blunkett says countries around the world face the same challenges on pensions. Blunkett told a Centre for American Progress event in Washington that although countries may have different pension dilemmas they all face the same fundamental challenges. He said across the European Union, the working population is set to fall […]
Standard Life Healthcare has bought the private medical insurance business of First Assist Insurance Services.
Swansea magistrates court was told that Graham Price, 58, of Llansamlet, Swansea, has been charged with 43 separate counts of theft and deception. According to the charge sheet, five of the counts relate to a total of 4.3m allegedly stolen from the Halifax. A further 21 separate theft charges involve close to another 1m. Magistrates […]
Henderson Global Investors’ multi-manager team has sold out of the Schroder European alpha plus fund and reduced its weighting in Gartmore’s European focus fun as part of a review of its Continental holdings.
Certification is highly complex and surrounded by a minefield of information and auto-enrolment jargon, which can make it very difficult to understand. However, for many employers it is a necessary process that must be executed successfully.
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FCA chief executive Andrew Bailey says he is concerned about the new Priips regulation. Speaking at the London Business School Annual Asset Management Conference yesterday Bailey said: “I want to be clear that I am concerned about Priips, and I know I am not alone.” He added: “It carries a risk that it is leading […]
The Personal Finance Society has launched a guide for advisers on social impact investing, in light of recommendations to government from an advisory group. The guide was put together by the PFS, with the support of the government’s independent advisory group on social impact investing and the Department for Digital, Media, Culture and Sport. The […]
The debate around how fund managers’ pay incentives should work has been reignited. Firms have started to introduce new cost structures in an attempt to improve transparency, as the FCA steps up its focus on how asset managers assess their value. The companies that have already introduced new fee models claim it will not change […]
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