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The thrill of the Chase for Phil

Congratulations to Phil Wicks, who became the fastest financial professional in the history of the JP Morgan Chase Corporate Challenge on July 12. The claims administrator from Legal & General ran 3.5 miles around Battersea Park in 16 minutes 45 seconds. The 23-year-old was joined by nearly 13,000 other participants from 302 companies in the London leg. The race moves next to San Francisco on September 19.


F&C placed on S&P CreditWatch after RAM deal

Standard & Poor’s Ratings Services has placed F&C Asset Management on CreditWatch with negative implications after the announcement that it is to combine with Resolution Asset Management.S&P says the combination of F&C with RAM should bring benefits in terms of critical mass and cost efficiency and F&C’s strategy remains unchanged.But it says is unclear whether […]

Hips set to go ahead despite late stand by Lords

The House of Lords has made its final stand against the implementation of home information packs on August 1, with members voting to scrap the controversial scheme.The motion to revoke the legislation was passed by a small majority of 186 to 160. However, with Parliament going into summer recess, the regime looks set to be […]

FSA publishes TCF support and promises dividends if standards improve

The FSA has published guides to help adviser firms improve treating customers fairly standards and promised less scrutiny of firms that prove their TCF credentials.The FSA has today published a paper on TCF culture including examples of good and bad practice and a framework allowing a firm to assess the risk its culture presents in […]

Why property funds dual-price

A week is a long time in fund management. Returning after a week’s holiday. I am met with a torrent of emails and press cuttings about investors “losing money” on property funds.

Allianz Technology Trust – April 2017

Welcome to the latest update for Allianz Technology Trust PLC from the Trust’s portfolio manager, Walter Price. Portfolio review The Trust’s NAV returned 4.3% , outperforming the Dow Jones World Technology Index return of 2.8%. In US dollar terms, the portfolio gained 4.8%. During the month, stock selection contributed to relative performance, and industry allocation […]


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