A quick recap of the highlights on a big night for the industry at the Money Marketing Awards 2017.
AWD Holding AG announces revenue of 22.8 per cent during 2004 to 473.4m.Operating profit was boosted by 29.5 per cent to 49.3m, net profit increased by 38.9 per cent to 34.3b and earnings per share reached a record level of approximately 0.90, up by 38.9 per cent.The UK-arm of the German group, AWD plc grew […]
The fund will be the first in the world to be managed by AI and machine learning One of Sanlam Global Investment Solutions’ Ucits funds will now be solely managed through artificial intelligence. The Sanlam managed risk Ucits fund will be the first balanced fund in the world to be driven by AI and machine […]
Talks between the two rival providers are set to take place following shareholder approval of the Standard Life Aberdeen deal
Around 20 Accenture staff worked on Old Mutual’s replatforming, but have been sent home after IFDS was kicked off the project.
Peter Saacke, Artemis’ CIO, suggests what may lie ahead and explains how volatility suits stockpickers.
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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 […]