Aberdeen Standard Investments to launch €1bn private equity fund in joint venture

Aberdeen Standard Investments has established a joint venture with Italian investment manager 21Partners to launch a direct €1bn private equity fund. The joint venture, called 21 Aberdeen Standard Investments Limited and made up of six people, will manage a fund targeting “active non-controlling interests” and support growing companies in Europe. The fund, which will launch […]

European watchdog: No evidence of systemic issue with transaction costs reporting

The European Securities and Markets Authority has not yet seen evidence of systemic disruptions created by new reporting rules on fund costs despite mounting industry pressure for a review. Since 3 January under Mifid II, asset managers have had to reveal and openly state how much they are charging investors when they buy and sell investments […]

FCA disclosure panel forms new group with pensions focus

The FCA panel in charge of creating a template to better disclose fund charges and costs has created an additional group to work on the complex data collection in the defined benefit and defined contribution pension space. The institutional disclosure working group, chaired by transparency champion Chris Sier, has published an update on its work saying more needs […]


Trade body demands caution from regulators over language use

The Investment Association has criticised the FCA for misusing language in its asset management market study saying it could harm the reputation of fund managers. In the first installment of the asset management market study, published in November 2016, the FCA drew a clear conclusion on where active management fails to give value to clients. […]


JP Morgan UK funds head Jasper Berens to leave firm

JP Morgan Asset Management head of UK funds Jasper Berens has resigned from the asset manager after twenty years to “pursue other opportunities”. The head of EMEA funds at the asset manager, Massimo Greco, will take over the position with immediate effect, while Berens remains in the company for an interim period to manage the transition. […]

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HSBC boosts funds in asset management arm

HSBC Global Asset Management has grown its funds under management by 13.4 per cent year on year as the largest European bank doubles its pre-tax profit for the period. In its full year results published today, the lender reported total group funds under management of $943bn (£675.6bn) at 31 Dec 2017,  up from $831bn in […]

Jupiter: Mifid II cost criticism lacks weight

Head of strategy for the Jupiter Independent Funds Team John Chatfeild-Roberts looks at how Mifid II has hit multi-manager funds following Money Marketing’s reporting on the true costs of the funds. Mifid II provides investors with greater clarity of charges. However, appreciating the difference between value and price is fundamental; of course price is important but […]


Old Mutual Wealth: Getting to the bottom of negative transaction costs

Old Mutual Wealth’s Jeremy Mugridge explains why some transaction costs appear as a negative figure on a platform, following a Money Marketing article this week The regulatory regime brought in by Mifid II and Priips is beginning to bed in, and some of the more bizarre implications of the vast legislation are beginning to pop […]

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FCA warns of fraudulent UBS clone

The FCA has warned consumers about a clone firm of UBS, which has been operating under the name of “UBS Private Wealth Management”. According to the FCA, fraudsters are using or giving out the details under the name of the Swiss bank with a false email and phone number. The FCA warns that scammers may give […]

FCA working group joins calls for review of KIDs

The FCA fund objective working group has joined other industry bodies in calling for a review of the new Key Information Documents issued to investors. Since 1 January, Priips legislation has meant advisers now have to publish a stand-alone, standardised KID to their clients including performance scenarios, risks, and the total cost of products. Earlier […]