Martin Gilbert’s Assetco endures ‘exceptionally difficult’ year but signs things are ‘picking up’ March 18, 2024 Chair Martin Gilbert noted the cost savings programme has required the firm to take "significant write-downs", which have impacted results for the year.
Revealed: How much luxury kitchen brand Harvey Jones owed as it was rescued from administration March 13, 2024 How much luxury kitchen maker Harvey Jones owed to its creditors when it rescued out of administration in a pre-pack deal last month has been revealed.
Fidelity International to cut 1,000 jobs – but it’s unclear where the axe will fall March 6, 2024 Fidelity International is set to cut around 1,000 jobs globally, roughly nine per cent of its total headcount, the company announced today.
US asset managers’ split widens over social and environmental issues March 6, 2024 The split between US asset managers on issues around social and environmental policies has continued to widen, according to a new analysis of their proxy voting policies.
Quilter reports growth as bosses celebrate hitting cost-cutting targets early March 6, 2024 Assets under management and administration edged back over £100bn during the year, finishing at £103.4bn, compared to £96.2bn at the end of 2022.
Equity inflows: UK investors most bullish in three years March 5, 2024 UK investors reached their most bullish in three years last month, as they poured £2.7bn into equity funds throughout February.
Terry Smith in the doghouse over Fundsmith Equity underperformance March 4, 2024 The report from Bestinvest, which identifies the funds in the 'doghouse' due to persistent underperformance, saw the number of poorly performing funds rise sharply.
H2O Asset Management suffers fresh auditing blow: How did it end up here? March 4, 2024 Beleaguered French investment firm H2O Asset Management has suffered a fresh blow after its auditors warned that the firm’s accounts “do not give a true and fair view” of its current financial position. But how did it end up here? Between 2015 and January 2020, H2O AM invested €2.3bn in illiquid private debt securities linked [...]
Schroders profits slide in ‘one of the most challenging years of recent times’ February 29, 2024 Schroders reported a rebound in assets under management but a slide in profits today as it weathered “one of the most challenging years” for money managers “in recent times”.
Jobs saved after luxury kitchen maker Harvey Jones sold out of administration February 26, 2024 Around 140 jobs have been saved after luxury kitchen maker Harvey Jones was sold out of administration in a pre-pack deal.