Former Beacon Homeloans director Brian Pitt has joined Kensington along with former SPML director of credit Stuart Aitken. The pair will look at strategic opportunities in the specialist lending sector.
Holly Mackay is leaving Allfunds Bank to pursue other opportunities in the industry after a 12-month tenure as UK director at the firm. Allfunds is undergoing a wider management restructure and a replacement is expected to be appointed shortly.
Schroders reported group profits before tax of 132.3m for the six months to June 30, up from 123.5m last time.Asset management profits before tax were down slightly to 96.8m compared to 99.8m last year although asset management revenue increased by 21 per cent to 377.3m. The company says the increase was driven by higher margins […]
F&C Asset Management made a loss of 29.2m in the first half of this year after seeing significant institutional outflows. The firm lost 2.83m in the same period last year. Funds under management at June 30 were 107bn compared with 131bn at the start of the year despite strong retail market inflows which increased by […]
Positive Solutions has announced a 70 per cent increase in operating profit, from 3.6m to 6.1m, for the six months to 30 June 2006.The firm says it is on track for turnover to exceed 100m this year for the first time after turnover reached 48m for the first six moths of the year.Pos Sol announced […]
What might Trump’s policy proposals mean for markets and key components of the US economy going forward? The questions outnumber the answers at present. Loomis Sayles Macro Strategies takes a look at the impacts of the US election. Click here
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]
Fund managers like to trade off having a unique style. There thousands of funds out there to choose from – the question I often hear from advisers is: what makes this person different? Sometimes this can be a really tough one to answer. “We invest for the long term” is all fine and good, but […]
With rising costs and an increasingly tough regulatory market more advisers are looking to outsource their investment proposition, with many leaning towards discretionary fund managers. But while the number of advisers using DFMs is on the up, overall satisfaction with them has dipped. According to a recent survey by financial information firm Defaqto, 74 per […]