Allianz artificial intelligence fund passes £880m mark October 15, 2018 Allianz Global Investors' artificial intelligence (AI) fund has passed the €1bn (£880m) assets under management mark 18 months after its launch. The Global Artificial Intelligence Fund, which was launched in March last year, invests in companies developing AI systems in a bid to benefit from rapid advancements in disruptive technology such as Big Data analysis, machine learning, self-driving cars [...]
Is adrenaline the ultimate stress relief? October 15, 2018 Does a shot of adrenaline instead of your morning coffee set you up for a day of enhanced energy, focus, and productivity? You might think that’s an impossible question to answer – but it’s one that staff at the International Quarter London (IQL) in Stratford, in collaboration with the University of Essex School of Sport, [...]
Moneysupermarket boosts revenue despite falling insurance premiums October 12, 2018 Price comparison website Moneysupermarket has reported an increase in revenue in its latest trading update, despite falling insurance premiums. Insurance revenues grew by two per cent to 48.7m, while revenues in its money division jumped seven per cent to 21.8 per cent in the three months to the end of September. Read more: Insurance giant makes a [...]
Blackrock wins £30bn investment contract from Scottish Widows as owner Lloyds walks away from Standard Life Aberdeen October 12, 2018 Blackrock today won a £30bn investment contract in Lloyds Banking Group-owned Scottish Widows. The asset manager will invest the pension company’s funds in index strategies while also seeking to establish a strategic partnership to collaborate in risk management, alternative asset classes and innovative investment technology, Lloyds said. The money forms part of a £110bn pot [...]
Don’t let #MeToo kill the office romance or rob your job of human warmth October 12, 2018 If you believe the daily reports, you’d be forgiven for thinking that rape and harassment are widespread across our offices, shops, universities, and factories. Parliament’s Women & Equalities Committee (WEC) certainly thinks so. It wants the government to reach into workplaces, with an action plan to tackle sexual harassment. At first glance, the numbers don’t [...]
Asset management firm Man Group announces boosted inflows and opens Jersey holding company October 12, 2018 Man Group, the worlds largest listed asset management firm, has reported an increase in funds under management in a trading update today. The fund saw net inflows of $0.4bn (£0.3bn) in the three months to the end of 30 September, it announced today, as it also revealed its intention to open a new group holding company in Jersey. [...]
City Moves for 12 October – who’s switching jobs? October 12, 2018 Today’s City Moves cover the British Standards Institution, UK Finance and Trustpilot. BSI The British Standards Institution (BSI) today announced that John Hirst CBE will be appointed as a non-executive director of BSI with effect from 15 October 2018. From 1 January 2019, John will take over from BSI’s current Chairman, Sir David Brown, who [...]
Today’s wealth management industry is as deceitful as the tobacco companies of the past October 11, 2018 When medical suspicions of health impacts of cigarettes were first raised, the tobacco industry obfuscated and suppressed their own knowledge of smoking risks. In many ways, this mirrors what is happening in the wealth management industry today, as many companies suppress information about their fee structures, and often fail to warn consumers of the long-term damage these hidden fees [...]
Laundry is the biggest source of microplastic pollution – here’s how we tackle the issue October 11, 2018 Anyone who is yet to wake up to the issue of plastic polluting our rivers and seas must have their head in the sand. Programmes such as Blue Planet and Drowning in Plastic have done a brilliant job of showing us the terrible damage being wrought on the environment by discarded plastic. Heartrending images of [...]
Gender bias is unprofessional, but shutting down the debate will only fuel further backlash October 11, 2018 To Albert Einstein, Emmy Noether was the most important woman in the history of mathematics. Her 1918 theorem was fundamental in the development of modern physics, explaining the connection between symmetry and conservation laws. Yet for several years, she had to lecture at the University of Gottingen under the name of a male colleague. Even today, few [...]
