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.
Aviva injects £150m into VC arm as it commits to funding more tech start ups April 17, 2023 Aviva has pumped a fresh £150m into its venture capital arm today as it looks to buck a funding slowdown and invest in firms that will add to its “customer journey”.
Ashmore: AUM flatline as asset manager takes hit from ‘stresses in banking system’ April 17, 2023 Ashmore has said the assets under management were broadly stable in the most recent quarter despite high interest rates and ongoing market turbulence. The London-listed asset manager reported a total increase of funds under management of just one per cent for the quarter ending on March 31 on Monday, to a total of £46.4bn ($57.7bn.) [...]
How can fintech close its gender pay gap? Top chiefs say regulation could be key April 17, 2023 Regulators should step in to help narrow a gender pay gap in the fintech sector or female leaders will continue to be shut out from top jobs, some of the UK’s top female fintech chiefs have warned.
Short seller hits back after Labour MP suggests Putin links April 15, 2023 Labour MP Liam Byrne (Left) suggested last month that short seller Fraser Perring had ties to the Kremlin.
Federal Reserve green lights UBS-Credit Suisse deal in US April 15, 2023 The Federal Reserve's Board of Governors on Friday said it has approved UBS Group AG's acquisition of the U.S. subsidiaries of Credit Suisse, clearing another major hurdle for the completion of the Swiss-brokered rescue deal.
Coalition of 15 investors with total assets of £2.4trn plead with firms to protect lowest-paid workers April 14, 2023 A coalition of investors are demanding that businesses take “decisive action” to protect their lowest paid workers during the cost of living crisis. The coalition, which includes 15 investors with a combined £2.4trn in assets under management, argued that the lowest-paid workers are “disproportionately impacted by the rising cost of living.” Companies should ensure that [...]
I want to be a part of it: London-broker Marex weighs up New York for potential IPO April 13, 2023 A record set of results for London-based commodities broker Marex has revived the prospect of an initial public offering for the firm - but bosses say they may be eyeing New York as a destination.