Following on from last week’s column, my plans to launch Inertia Asset Management – where our wonderful investors will never sell out of our mediocre fund range, no matter how shoddy our performance – have already been scuppered by my research assistant, the faithful Ms Google, informing me that such a company already exists.
Artemis lived up to its billing as the ‘profit hunter’ this week with the announcement that it is poaching New Star’s UK alpha fund manager Tim Steer.
Governments and central banks around the world are trying to boost demand and minimise the risk of an extended and damaging period of deflation but the first half of this year is clearly proving to be extremely difficult.
Building societies have seen their profits for 2008 slashed due to “disproportionate” FSCS levies for bank failures.
Johnson Fleming employees have raised more than £400 for their chosen charity of the year, CLIC Sargent, with a series of fundraising events.
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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 […]