Skandia Investment Management is set to launch a global best ideas fund this summer. It will aim to take the 10 best ideas from 10 of the world’s top managers and put them in a single fund.
New Millfield chief executive Alan Easter says his priorities are to create financial stability for the company and clar-ify its role in the market. Easter, who took over last week, is in discussions with the company’s backers about restructuring its debt and raising money to address its 1.5m capital adequacy shortfall. Millfield brought in turnround […]
The increasing correlation between asset classes could hit fund of funds managers using a multi-asset approach if markets fall, warns Christows.
Gross mortgage lending stood at 25.1bn last month, the highest April lending figure on record, according to the Council of Mortgage Lenders.Lending was 16 per cent higher than in April 2005 and marks six months of record lending figures. But it was 12 per cent lower than the 28.4bn in March, which the CML puts […]
Lehman Brothers has unveiled plans to challenge HBOS in non-conforming mortgages after merging two subsidiaries to create a non-standard giant. The firm wants to be market leader in the non-standard sector and claims it is already number three after amalgamating Preferred and SPML’s operations. It says London Mortgage Company, which it recently acquired, could join […]
Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]
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Trump’s announcements of tariffs on steel and aluminium have led to a much greater focus on the risks posed by his presidency We have had a rollercoaster start to 2018. January saw a rapid rise in global equities before markets succumbed to a technically driven sell-off, recovered a little, and sold off again on the […]
Legal & General has appointed Mark Jones to the role of product director of UK protection, within its insurance division. Jones joins from Sun Life. He will be responsible for the developer of both retail and group protection products, and will report into the managing director for UK protection, Steve Griffiths. Griffiths says: “We are […]