Vanguard names new boss to lead European investment arm April 10, 2024 Investment giant Vanguard has announced the new boss of its European division.
Third Point changes strategy on activist investors in bid to fix discount April 9, 2024 Hedge fund Third Point has appointed a duo of activist investors to its board in a bid to close the trust's wide gap between its net asset value and share price, despite previously strongly opposing them.
Impax reports ‘improved’ sentiment on ESG-focused investment despite heavy outflows April 9, 2024 ESG-focused Impax Asset Management has noted "improved" investor sentiment in recent months, despite the sector grappling with heavy outflows from sustainable funds.
Proxy backlash: City anger at firms trying to limit exec payouts April 9, 2024 So-called proxy advisers are facing mounting anger in the City after urging shareholders to reject the paypackets of executives at two FTSE 100 firms.
Will investment trusts flee the country over cost disclosure? April 8, 2024 Will investment trusts be forced to delist from the UK and move to Switzerland to escape unfair rules with cost disclosure?
IMF warns of ‘fragilities’ in booming £1.7 trillion private credit market April 8, 2024 The International Monetary Fund has warned of a "number of fragilities" in the global private credit market, even as the sector continues to soar in popularity.
Pension giant Phoenix reportedly plotting multibillion-pound fund in boost for Hunt’s Mansion House Reforms April 8, 2024 Phoenix Group, the UK's largest long-term savings and retirement business, is reportedly planning to launch a new multibillion-pound fund to invest in high-growth companies and boost pension returns.
Former St James’s Place boss denied £450k bonus after tumultuous 2023 April 8, 2024 The board of wealth manager St James’s Place has cancelled a £456,700 bonus due to its former chief executive for 2023 after his final few months in the role saw the FTSE 100 firm in turmoil from excessive fees.
Meet the fund manager: Backing innovation in the age of AI April 8, 2024 In this new weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from James Dowey, fund manager at Liontrust Global Technology Fund.
London Stock Exchange owner faces potential shareholder revolt over plans to double chief’s pay April 7, 2024 The owner of the London Stock Exchange is facing potential shareholder dissent after a key proxy advisor opposed plans to double its chief's pay amid a debate over how the Square Mile can compete with US-style remuneration deals.