Investment

Asset managers urged to act over misleading risk ratings on funds

Fund houses have been urged to ease investors’ concerns over anomalies discovered in risk ratings on popular funds. Since the implementation of European regulations such as Priips on 3 January, fund management companies have been updating the key information documents of their funds with new calculations on risk, volatility and performance. However, confusion continues on […]

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Claimants to pursue Liberty Sipp over unregulated investments

A group of 27 investors is taking action against Liberty Sipp over allegations it was responsible for losses incurred from risky investments. Wixted & Co Solicitors has issued a case in the Circuit Commercial Court in Bristol against Liberty Sipp. The firm is also acting on behalf of investors in a claim against Berkeley Burke. […]

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Overexposure to VCTs and EISs could affect sale value of a firm

Overexposure to venture capital trusts and enterprise investment schemes could potentially put off buyers when advisers try to sell their businesses, chief executive of Capital and Trust Patrick Isaacs warns. Speaking yesterday at Money Marketing Interactive, Isaacs says advisers looking to sell their firms could hit problems if their clients are reliant on VCTs and […]

Sanlam looks to hit 1,000 advisers by 2020

Sanlam UK has revealed ambitious plans to grow to 1,000 advisers over the next two years. Speaking at the Money Marketing Interactive conference yeasterday, Sanlam UK group chief executive Jonathan Polin said the wealth manager is also planning to invest directly into stocks and bonds in an attempt to cut costs. The vertically integrated firm currently […]

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Veteran investor Mark Mobius to raise $1bn for new asset management firm

Veteran emerging market investor Mark Mobius is planning to raise $1bn (£730m) to set up an asset management firm in London. According to The Times, the 81-year old investor’s new firm will target companies in India, China and Latin America with a focus on environmental, social and governance themes. Mobius, a Money Marketing columnist, oversaw Franklin Templeton’s emerging […]

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Manager exodus continues at Standard Life Aberdeen

Another fund manager has left Standard Life Aberdeen to join a rival firm as the fund giant continues its restructuring post-merger. Imran Ahmad, an investment director and portfolio manager of the Emerging Market Debt Unconstrained fund, will join the multi-asset team at Investec Asset Management. Ahmad was in the emerging market debt specialists team at Standard […]