New Century Financial this week became the latest US mortgage lender to be hit by the sub-prime lending crisis after filing for chapter 11 bankruptcy protection. It will cut 3,200 jobs and will resize some operations before a potential sell-off of assets.
Taxation: Simon Hildrey says there were some welcome benefits for overseas property investors in the Chancellor’s final Budget.
The life of a salaried employee of a financial services business need not be devoid of interesting events but I have found the last few months to be particularly stimulating by virtue of the different types of operation I have come into contact with.
The Bank of England has voted to keep interest rates on hold this month at 5.25 per cent.
Meteor Asset Management
Prima Growth Plan
In conversation with journalist Alexis Xydias, Artemis Global Growth Fund manager Peter Saacke discusses the state of global markets and how he is positioning his fund. Peter gives his views on the growth potential of US, Europe and emerging markets, each of which is on a different stage of the road to recovery. And with a […]
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AJ Bell has launched an active version of its managed portfolio service. The six-strong fund range, which will only be available through the platform, will mirror the existing passive funds but invest actively through a set of 15 underlying funds for each portfolio. The range will charge 0.15 per cent plus VAT, in line with the […]
HSBC Global Asset Management has grown its funds under management by 13.4 per cent year on year as the largest European bank doubles its pre-tax profit for the period. In its full year results published today, the lender reported total group funds under management of $943bn (£675.6bn) at 31 Dec 2017, up from $831bn in […]
Former pensions ministers Ros Altmann and Steve Webb have urged the Government to make sure pension savers are adequately protected under new plans to reclaim “dormant assets” for charities. Earlier this month the Government announced plans to widen a scheme to release assets in bank and building society accounts untouched for 15 years and put […]