Hargreaves Lansdown has removed the Rathbone income fund and added M&G’s strategic bond fund to its Wealth 150 list.
Glen Pratt has turned around the short-term performance of the Melchior UK Opportunities fund by reducing small-caps and backing cyclical stocks towards the end of last year. The fund suffered from an extended period of underperformance in 2007 and 2008 following a strong start when it launched in 2006. Over the past year to April […]
Liberal Democrat Shadow Chancellor Vince Cable has slammed the Government’s “arm’s-length” approach to overseeing nationalised banks.
JPMorgan Asset Management
US Equity Income Fund
Artemis senior partner Mark Tyndall recognises the short-term ‘dangers’ for investors of a slowdown in China and beyond. But talk of volatility in developed markets is overstated, he says. Click here to watch video
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]