What did the rest of the year have in prospect, mused the chairman of the curiously named Betelgeuse Investment Funds? Private investors had remained cautious after the bumpy end to 2007 and were still dumping equity funds. Property remained in the doldrums and even that recent saviour of fund sales teams – commodity-based products – had had wobbles recently.
JO Hambro Capital Management fund manager Nick Roe-Ely is set to leave the company following its decision to close his £13m American growth fund.Roe-Ely, a mid-cap specialist, joined JO Hambro from Tilney in June 2005 with the fund launching in December.A lack of investment in the US has led to the company deciding to shut […]
The Government should not offer mortgage tax relief for first-time buyers as it would distort the market, according to the Great Housing Market Debate panel.Speaking last week in London in the debate sponsored by Hometrack, Nationwide chief economist Fionnuala Earley said: “I think it it very difficult to say you should favour one group of […]
With Germany’s strong economic growth leading the eurozone’s recovery, many UK businesses are keen to be part of the success story: recent data shows that there are currently more than 280,000* employees working for a UK-controlled company in the country.
Last month, the BBC’s Money Box covered the story of a protection customer who had seen her quoted life and critical illness premium rise by around a third after she disclosed a historic mental health issue. The woman was taking cover as a parent of young children and had originally chosen an insurer after getting […]
The Chartered Institute for Securities and Investment has set up a helpline for participants in its financial planning mentoring scheme. The helpline, which is being supported by Schroders, will be open to mentors and mentees on the programme, which started on the first of January this year, looking for support in achieving professional financial planning […]
Collapsed wealth manager Greyfriars Asset Management sold its Sipp and SSAS administration business to Hartley Pensions for £820,000 an update on Companies House shows. Money Marketing previously discovered Hartley took on 1600 Sipps, 160 SSAS and almost £500m assets under management onto its books for an undisclosed sum, with fresh documents now revealing the value […]