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US recession replaces China as fund managers’ biggest fear

Fund managers’ biggest fear is a US recession, replacing worries about the fallout from China, as managers are negative on both global growth and profits. The latest Bank of America Merrill Lynch fund manager survey shows that the biggest tail risk facing markets is a US recession, with 27 per cent of managers selecting it. It […]

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Pru boosts with-profits final bonus payouts but returns slump

Prudential has maintained total annual bonus payouts across its with-profits funds at £600m as investment returns slumped to 3.2 per cent during 2015. Total final bonus payouts – which are paid when the policy reaches maturity – edged up from £1.3bn in 2014 to £1.4bn last year. Annual investment returns were down, however, from 7 […]

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Tilney Bestinvest to acquire £1.8bn asset manager

Tilney Bestinvest is acquiring £1.8bn investment manager Ingenious Asset Management for an undisclosed sum. The combined group will now manage £11.2bn in assets, with 80 per cent being managed or advised. Ingenious gives Tilney Bestinvest access to high-net-worth and ultra-high-net-worth clients in London, says Tilney Bestinvest chief executive Peter Hall. Guy Bowles, chief executive of Ingenious […]

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