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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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology