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 […]
The proposed FCA directory that will include advisers’ details could see more people finding “bad advisers”, according to adviser review site VouchedFor. A LinkedIn article by VouchedFor chief executive Adam Price says this is because the regulator’s consultation paper pitching the directory suggested little around underlying adviser checks being substantively improved. In the article, Price says: […]
A pension company that invested in storage products with investors’ savings has been ordered into liquidation by the High Court. Kent-based Chartwell Trustee Pension Solutions was the sole trustee of the Pinnacle Pension Scheme. Chartwell amassed in excess of £4.8m of members’ pension funds following an apparent cold-calling telesales operation. Members were told to expect 8 […]