Regulators demand LDI strategy ‘buffers’ to shore up funds following mini budget market meltdown April 24, 2023 Regulators are pressing managers of debt-fuelled liability driven investment (LDI) strategies to boost their access to quick cash and review the make up of their clients after the market was plunged into crisis by Liz Truss’s disastrous mini-budget last year.
FTSE 100 live: Flat morning in London as miners and gloomy retail sales offset consumer gains April 21, 2023 The FTSE 100 struggled to get off the mark in early trading on Friday as losses for industrial miners and gloomy retail sales data offset gains for some consumer and healthcare stocks.
Bidding war? Network International receives fresh £2.13bn takeover swoop from Brookfield April 21, 2023 Payments provider Network International said private equity firm Brookfield Asset Management had swooped in with a bid to buy the firm today for about £2.13bn today, just days after an offer from private equity firms CVC Capital and Francisco Partners.
AJ Bell’s cashflow falls as cautious investors dip their toes back in the market April 20, 2023 Retail investment platform AJ Bell recorded a slowdown in the amount of cash flowing onto its platform in the first three months of the year even as customers bumped upwards, in a sign DIY investors are edging back into the market.
Klarna’s UK chief on looming regulation – and why it might not settle the buy-now pay-later debate April 20, 2023 Klarna's UK chief talks a regulatory crackdown - and why the debate around buy-now pay-later products may continue
Link set to pay out £235m to investors burnt by Woodford fund collapse April 20, 2023 The manager of Neil Woodford’s collapsed investment fund is set to pay £235m to burnt investors after striking an agreement with the Financial Conduct Authority.
Fintech Plus500 sees earnings double as London listed firm pushes on with US expansion April 19, 2023 Fintech firm Plus500 reported a surge in revenues to start the year today as it continued to push into the US and boost the amount of retail traders on its platform.
Liontrust: Investors pull £2bn in three months – but pre tax profits set to beat expectations April 19, 2023 Asset manager Liontrust said it had been a “challenging” year today as it reported heavy outflows in the final quarter of the year and a tumble in its managed assets.
Top fund management group launches in London after ‘attack’ from US regulators April 19, 2023 A major US fund management body has announced a push into the UK today as its members come “under attack” in the US and look to capitalise on a more friendly regulatory environment.
Asset manager Liontrust in talks to buy Swiss rival GAM April 18, 2023 London-listed asset manager Liontrust is in talks to snap up its Swiss rival GAM Holding, the firms confirmed today.