Stereotypes won’t close the gender funding gap February 6, 2019 The latest figures from the British Business Bank on venture capital funding do not make for comfortable reading. Female-led startups get just 1p for every £1 of VC investment, all-male teams receive £5bn of funding per year, and having a single woman on the team correlates with lower investment. “Shocking”, in the words of chief [...]
Best and worst performing income funds of 2018 revealed February 5, 2019 Investment firm Sanlam UK has revealed the biggest winners and losers in its annual study ranking income funds. The Troy Trojan Income Fund, run by Francis Brooke jumped 37 positions to take the top position, followed by the Axa Framlington Monthly Income Fund and the Miton UK Multi Cap Income Fund, it was announced today. [...]
Activist investor Edward Bramson makes fresh attempt to secure place on Barclays’ board February 5, 2019 Activist investor Edward Bramson has submitted a resolution to be appointed to Barclays’ board of directors at the banks annual general meeting (AGM) in May. Bramson, the chief executive of Sherborne Investors which holds more than five per cent of the bank's shares, has previously called for Barclays to downsize its investment banking division. Read more: Barclays [...]
What is the outlook for interest rates in 2019? February 5, 2019 | City Talk US Concern over the outlook for US interest rates was one of the dominant themes of 2018, especially as the year progressed. President Trump got involved in the debate, tweeting in December that it was “incredible” that the US Federal Reserve (Fed) was considering raising interest rates again. Despite the pressure from the president, the [...]
Janus Henderson Group’s assets under management fall in volatile market February 5, 2019 Assets under management (AUM) at Janus Henderson Group plummeted $50bn (£38.43bn) last quarter amid volatile markets. The company, which was formed through the 2017 merger of Henderson Group and Janus Capital Group, saw AUM fall 13 per cent from $378.1bn to $328.5bn in the three months to the end of December. Read more: Blackrock assets [...]
Crypto exchange Kraken buys London trading firm in nine-figure deal February 4, 2019 San Francisco-based cryptocurrency exchange Kraken has finalised a deal to buy London trading firm Crypto Facilities. Kraken said it was one of the industry’s largest deals to date, valued at nine-figures. Though Crypto’s 25-strong team will remain in London, they will all become Kraken employees and expand the US firm's commitment to expanding its European [...]
Veteran investor Bill Gross to retire from Janus Henderson Investors next month February 4, 2019 Veteran investor Bill Gross has announced he will retire from Janus Henderson Investors next month. Gross, who founded Pimco in 1971, will step down from his role as portfolio manager of the Global Unconstrained Bond and Total Return strategies on 1 March and his responsibilities will be transferred to the Global Macro Fixed team led by [...]
Asset management firms face overhaul of fund disclosure after FCA publishes market study February 4, 2019 Asset management firms must provide greater clarity for investors to make more informed decisions, the UK’s financial regulator has said. The Financial Conduct Authority (FCA) said today that managers must make fund objectives and investment policy descriptions more useful to investors, and explain how and why funds use particular benchmarks. Read more: A quarter of high [...]
JP Morgan Asset Management given green light to sell funds in China January 29, 2019 JP Morgan Asset Management (JPMAM) has had two funds approved for sale in China. The funds – the Asia Equity Dividend Fund and the Global Bond Fund – will be distributed through JPMAM’s joint venture partner China International Fund Management after the China Securities Regulatory Committee gave the US company the green light. The funds [...]
MJ Hudson launches Milan office to strengthen EU business January 29, 2019 MJ Hudson has opened an office in Milan as the asset management consultancy strengthens its European presence and targets further expansion. The firm launched a fund management solutions team in Luxembourg in 2017 to act as a gateway to Europe after the UK leaves the EU in March this year. Read more: 60 per cent of asset [...]