JP Morgan held a press event at the top of Tower 42 in the City to herald the arrival of former Framling- ton Japanese fund manager David Mitchinson, over from Tokyo for a few days.A rumour circulated that JPM staff had been instruc- ted not to give their business cards to journalists on any account, sending a gaggle of eager reporters into mission mode. Money Marketing came away with two hard-won cards after three hours. We shall be calling Mitchinson at the earliest opportunity, even if the nine-hour time difference means we have to rise early.
SVM’s flagship hedge fund High- lander has seen 90 per cent of its assets walk after a period of sustained underperformance. The long/short European equity portfolio, managed by Colin McLean, has seen assets under management shrivel from euro 600m to euro 60m in the past two years. Swiss fund of hedge funds boutique Soprigest senior […]
Money Marketing is setting up The Pensions Summit to be held at the prestigious Celtic Manor early in the new year. The Pensions Summit will bring together the top distributors of pensions with the major product providers. Money Marketing is lining up major commentators and industry experts to deliver a programme of the highest quality. […]
Ethical investments broke the 10bn barrier for the first time last year, according to Co-operative Financial Services. It says 10.6bn was placed in ethical investments or deposited with ethical banks and credit unions during 2004. A total of 5.5bn was invested in ethically screened funds while 5.1bn was deposited in ethical banks and credit unions. […]
Prudential is increasing its equity exposure in its 73bn life fund. It has boosted UK and overseas equity exposure while reducing property and fixed-interest holdings due to concerns over yields and falling interest rates. Investment director Martin Brookes, who runs the mammoth portfolio, says equities are looking increasingly attractive, with earnings’ growth outpacing price growth, […]
Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]
- Top trends
- Top trends
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- Scottish Widows mulls Standard Life corporate pensions book takeover
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- How much are advisers charging for pension transfers?
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]