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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Three advice firms have stopped giving pension transfer advice following work by the FCA over the future of the British Steel Pension Scheme. A statement this afternoon details the FCA’s “information gathering exercise” to identify the firms that have been most active in advising people to transfer out of the scheme. The regulator got information from […]
The FCA has launched a consultation on its approach to authorisation and competition, which will be open to responses until March next year. Following the launch of the FCA’s mission in April, the approach documents are the second and third in a series of papers explaining how the watchdog tackles regulation. The first document, the […]