Former Insight multi-asset co-heads Patrick Armstrong and Dr Ana Cukic Armstrong have launched a new multi-asset business. Armstrong Investment Management, will focus on pensions and wealth management.
As both the Government and the FSA trundle the winding paths towards their very own elephant graveyards, one has to wonder at the bare-faced cheek of an organisation which seeks to defend the indefensible and continues to prop up the rotting struts supporting the disintegrating edifice.
Patrick Armstrong and Ana Cukic Armstrong, formerly co-heads of Insight’s multi-asset desk, have launched their own firm. The duo say Armstrong Investment Management (AIM) is intended to sit between the traditional and alternative fund space, and will serve the pensions and wealth management markets. The firm will manage assets on a customised and pooled fund […]
Nimrod Capital plans to launch a closed-ended fund investing in smaller gold stocks and mining shares.The group says an anomaly has opened up with gold spot prices close to $1,000 (£608) an ounce but the share prices of smaller gold companies lagging the upward momentum.Nimrod Capital was set up last year by Marc Gordon and […]
Nucleus has announced it has signed a long-term agreement with Bravura Solutions to provide direct access to its Sonata operating system. The platform believes the agreement, coupled with new recruits in its technology team, will enhance its position in the platform space and help Nucleus “accelerate the rate of product development” for advisers and assist […]
AJ Bell has confirmed at least a quarter of the platform’s share capital will be floated when it lists later this year. The platform has set a minimum application value of £1,000 and is now expecting to list on the main market on the London Stock Exchange in December, the company announced this morning. Selling […]
Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]