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Yates joins F&C as non-exec director

F&C has appointed ex-Henderson chief executive Roger Yates as an independent non-executive director.

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Lords seek clearer delegation of powers to supervise banks

The House of Lords economic affairs committee has called for macro-prudential supervision to be given to the Bank of England’s financial stability committee rather than left with the FSA.In its Regulation and Banking Supervision report, published this week, the Lords committee says the BoE financial stability committee should have “direct access to the information req-uired […]

SGAM head of retail moves to GLG

Richard Phillips has confirmed he is moving to GLG Partners following its acquisition of Soci赩 G诩rale Asset Management (SGAM). The firm has also outlined the plans for its fund range.

Value remains within European equities

By Rob Burnett, Neptune European Opportunities Fund

In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.

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