Premier Milton blames ‘weakening’ UK investment sector for plunge in profits December 5, 2023 Asset manager Premier Milton's profits fell by more than a third in the year ending 30 September as the Square Mile suffers from a drop-off in dealmaking.
Spearheading Ethical Asset Management for Urban Sustainability December 3, 2023 | Sponsored Ethos Ventures’ Michael Whealon: In an engaging interview, Michael Whealon, Partner at Ethos Ventures Asset Management, sheds light on the firm’s strategic approach to asset management, particularly its alignment with sustainable and ethical urban development. Whealon articulates the need for a nuanced understanding of ethical finance within the framework of sustainable urban development. Addressing the [...]
FCA tells wealth managers to ‘justify’ high fees in warning to sector November 8, 2023 The Financial Conduct Authority warned wealth managers yesterday that it would look to take a more “intrusive and assertive” approach to supervising the sector if they aren’t able to justify their high fees.
Michael Gove: ‘Immoral’ asset managers have ‘co-opted’ diversity agenda October 31, 2023 “We have seen a concentration of wealth, a tendency towards monopoly and oligopoly that has meant that the gains of economic growth have increasingly been concentrated in the hands of a few.”
Rathbones calls in Investec executive in post-merger shake-up September 29, 2023 City investor Rathbones has appointed a former Investec executive as its new finance chief today as the two money managers merge operations following their tie-up earlier this year .
Baroness Morrissey: Give twice as many new funds to female managers September 11, 2023 Money managers in the city are under fire for a lacklustre record on gender equality today after a new report found progress in hiring female fund chiefs has stalled. Former chair of AJ Bell, Baroness Morrissey, has today urged firms to shift female representation up the agenda after a new report found that just 12.1 [...]
Fund manager Ashmore sees six per cent profit drop on outflows September 6, 2023 Emerging markets-focused fund manager Ashmore (ASHM.L) reported a six per cent fall in annual profit on Wednesday and assets under management slumped by almost a quarter, as investors sought to curb risk amid choppy financial markets worldwide.
Rebel GAM group reveals choice for chief ahead of emergency boardroom clear-out August 30, 2023 The group of GAM shareholders that helped torpedo Liontrust’s takeover has named its preferred choice to head the firm today, as GAM prepares for a total boardroom clear-out following the collapse of the deal.
London money managers reveal toll of turmoil as Jupiter and St James’s assets rise July 27, 2023 Fund house Jupiter reported a bump in assets and a sharp rise in profits in the first six months of the year in a mixed morning of results for London’s big money managers. The London investment firm said its assets ticked up two per cent to £51.4bn in the first half of the year while [...]
Asset managers exposed to liquidity risk, FCA warns July 6, 2023 The City’s asset managers have left “gaps” in their liquidity management and could be exposed in the event of a run from investors, the Financial Conduct Authority has warned.