Liontrust has seen interim profits rise by 8 per cent to £5.6m over six months to June from £5.2m last year. Performance fees leapt from £134,000 to £367, 000.
Former Invesco Perpetual associate director of sales Kevin Mordrick is to join Rensburg Fund Management as a regional sales director. Rensburg says his move intends to boost the the level of service that it provides to advisers and discretionary managers in London and the South East. Rensburg joint managing director David Acfield says: “We could […]
Cazenove’s new multi-manager team is looking at investing in hedge funds for the first time with the help of the group’s hedge fund managers, Tim Russell, Neil Pegrum and Chris Rice.
Our combined efforts can help to raise awareness of the open-market option
Skipton Financial Services says it is lining up further IFA acquisitions as part of its aggressive growth strategy.It recently acquired Parnell Fisher Child and believes consolidation is key to the survival of adviser firms after the retail distribution review.Managing director Simon Holt says he believes Skipton is an attractive parent because of its acquisition strategy. […]
By Kunal Desai, head of Indian Equities, Neptune A key concern for investors who were looking at India afresh has been the rich valuations and strong prior performance. We view the correction in the market through short-term growth concerns from demonetisation as a terrific entry point for the long-term investor. Investors should not be overly concerned […]
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The proven way to add value is to do extremely difficult work (well). That seems obvious, right? If you do something that is valued but scarce because it is difficult, you are more likely to be in demand and to be compensated fairly for what you do. The only thing about “difficult” is that – […]
AJ Bell is considering floating on the London Stock Exchange, according to reports. Sky News says AJ Bell is unlikely to float until after the final quarter of this year but it has reportedly met with investment bankers in the past few weeks to prepare for an initial public offering. For the 12 months to […]
Fidelity International has reversed plans to charge for research under Mifid II after feedback from clients. The £239bn asset manager revealed it planned to implement a Research Payment Account approach as part of its overhaul of fees, announced in October, when it revealed it was adopting a ‘variable management fee’ model. The RPA approach involves paying for […]