UK equity funds out of favour due to Brexit as outflows hit £315m September 6, 2018 The UK is "firmly out of favour" with equity fund investors as outflows hit £315m in July. Outflows have totalled £3.5bn so far this year over ongoing Brexit uncertainty, data published by the Investment Association today shows. Read more: Sterling jumps on report Germany and UK could offer key Brexit concessions Funds in the UK were [...]
Goldman Sachs reportedly ditches bitcoin trading plans, taking crypto prices with it September 5, 2018 Goldman Sachs is reportedly dropping its plans to open a desk for trading cryptocurrencies, in a move which yesterday sent the prices of popular coins such as ethereum and bitcoin skidding. Sources familiar with the matter told Business Insider that Goldman Sachs was nervous to continue with the plans while future global regulatory frameworks for cryptocurrencies [...]
Investment management firm Pimco hires ex-Blackstone vice chair John Studzinski September 5, 2018 US investment management firm Pimco has hired top deal maker John Studzinski to advise the company's most important clients. Former Blackstone vice-chairman Studzinski will be based in New York as managing director and vice chairman, reporting to chief executive Emmanuel Roman. Read more: Man Group poaches Sanlam Four's strategic bond fund and team Before joining Californian-headquartered Pimco, which was founded by [...]
Green is the new gold…and emerging markets are flashing red September 5, 2018 | Sponsored Forget Gold. The greenback is the new safe haven of choice for investors seeking refuge. They are flocking to the US dollar en masse every time geo-political and trade tensions push them to make a defensive move while bullion lags behind. But this is bad news for emerging markets and here is why…. As the [...]
Fundsmith launches investment trust targeting smaller firms September 4, 2018 Fundsmith has announced plans to create a new £250m investment trust, which will target global small to mid-cap businesses. City veteran Terry Smith, who founded £17bn equity fund Fundsmith in 2010, will invest £25m in Smithson Investment Trust. Read more: Fundsmith partners net £14m as revenues soar The Smithson team will be lead by former Goldman Sachs analysts Simon [...]
The importance of genuine influencers September 4, 2018 Last week we looked at the ICO market right now – there’s no doubt it’s a difficult time out there if you are running, or investing in, ICOs. This week I want to talk about the importance of (credible) influencers in the ICO space. At the time of writing, the crypto currency markets are still [...]
Masternodes: A Crypto asset you need to know about! September 4, 2018 Master what?’ is a common reaction from crypto investors when they first hear about Masternodes. Yet these new crypto assets, which provide a reliable passive income, have experienced tremendous growth and are set to become the underlying infrastructure of the crypto economy. Last October there were just 30 cryptocurrencies that supported Masternodes, while today there [...]
August’s top and bottom performing funds September 4, 2018 | City Talk The Turkish lira succumbed to a savage slump in August following a doubling of US tariffs on Turkish steel and aluminium in retaliation for the imprisonment of a pastor on terrorism charges. Concerns about the Turkish economy had been mounting for some time given President Erdogan’s increasingly autocratic rule and the appointment of his son-in-law [...]
True Potential assesses offers from prospective buyers September 3, 2018 Wealth management firm True Potential has appointed bankers to oversee offers from potential buyers, the company has confirmed. The Newcastle-based platform is planning a sale that could value it at almost £2bn, Sky News reported. True Potential, which was established in 2007, has hired bankers Perella Weinberg Partners to consider and advise on potential buyer interest in the business. [...]
The chart that highlights the eerie calm of the longest US bull market September 3, 2018 | City Talk Last month, the US equity market set a new record for the longest bull market (period without a 20% drop) in history. There’s not much euphoria around, but in case anyone is tempted to get carried away, allow us to offer a sobering thought… Have investors forgotten what it feels like to lose money? Equity investing [...]