River and Mercantile promotes deputy to chief executive June 24, 2019 Asset management and advisory group River and Mercantile has appointed deputy boss James Barham as chief executive. Barham will replace current chief executive Mike Faulkner who will step down to become the group’s head of macro strategies and innovation. Read more: Omnis Investments replaces Woodford with Jupiter Asset Management Faulkner was formerly the chief executive [...]
H20 shrugs off conflict of interest concerns June 21, 2019 H20, the UK-based asset management arm of Natixis bank, will continue to have a representative on the board of Tennor despite concerns about potential conflicts of interest. H20’s chief investment officer Vincent Chailley will replace chief executive Bruno Crastes on the board of the German firm “to ensure continued H20 representation”. Read more: Should we [...]
Tatton Asset Management shares jump as firm reveals two contract wins June 3, 2019 Shares in Tatton Asset Management jumped this morning after the firm reported boosted profit and revealed its investment arm has secured two new contracts. Tatton’s shares are up 5.88 per cent after the company announced that adjusted operating profit was up 12.3 per cent to £7.3m in the financial year to the end of March, [...]
Six investment trusts that pay a monthly income June 3, 2019 | City Talk By Kyle Caldwell from interactive investor. Just six investment trusts pay investors on a monthly basis. New research reveals which ones. It has never been easier for do-it-yourself investors to assemble an income portfolio, as over the past couple of years both open-ended funds and investment trusts have moved to pay income more frequently than [...]
Norwegian fund KLP bans investments in alcohol and gambling May 28, 2019 Norway’s largest pension fund has pledged to ban investments in alcohol and gambling stocks today as it ramps up efforts to divest from 'vice' stocks. KLP, which controls roughly $80bn (£63bn) in assets under management, is severing its ties with casino groups, brewers and cigarette companies in its latest sustainability drive. Read more: M&G Investments [...]
Hedge funds ramp up bets against Jupiter Fund Management May 22, 2019 Hedge funds have increased their bets against Jupiter Fund Management making it one of the most shorted UK companies. The asset manager’s shorted stock has increased to 10.55 per cent, more than that of struggling firms such as AA and Marks & Spencer, from 7.37 per cent at the beginning of April. Read more: Jupiter assets [...]
Firms must be more open about cyber attacks, says Fidelity International boss May 21, 2019 Companies must put competition aside and take a more collaborative approach to fighting cyber crime, a top asset management boss has said. Fidelity International chief executive Anne Richards urged firms to be more open in sharing information about cyber attacks in a bid to minimise future threats. Read more: Don’t let trust become the next [...]
Are emerging markets ready to fight back? May 21, 2019 You know there’s an underlying problem when investment firms start to cut exposure to a particular asset class. Goldman Sachs’ decision last week to slash exposure to emerging markets is an indication of the current situation for these economies. The bank’s asset management arm said that it had scaled back its “overweight” exposure to emerging [...]
City giant Martin Gilbert reveals which Tory leadership contender he thinks is ‘amazing’ May 20, 2019 City titan Martin Gilbert has talked up environment secretary Michael Gove as the next Conservative leader, dubbing him “amazing”. Gilbert, who co-founded Aberdeen Asset Management in 1983, was full of praise for the Brexit campaigner in an interview with City A.M. on the fringes of the City Week 2019 conference. “I think he’s amazing, I [...]
Four ways passive investing has altered the markets May 14, 2019 Ever since the first exchange-traded fund (ETF) listed in Europe 19 years ago, passive investing has proved hugely popular. ETFs are traded like stocks, and simply track the big indices like the FTSE 100 or the Dow Jones, as opposed to having a fund manager cherry-pick individual companies for you. And with the lowest annual [...]