US midterm elections: Is gridlock good? November 14, 2018 | City Talk Further tax cuts unlikely but will Trump strike a deal on trade? Keith Wade, Chief Economist, says: “The midterm elections restored some faith in opinion polls with the Democrats taking the House of Representatives and the Republicans holding the Senate. Conventional wisdom has it that a gridlocked Congress is good for markets as it prevents [...]
Jobs will stay in City after Brexit, says top asset manager November 8, 2018 Jobs will not leave the City of London in huge numbers after Brexit, the head of one of the country’s biggest asset managers has said. Martin Gilbert, the co-chief executive of Standard Life Aberdeen, said he is “positive” about the City’s future, and believes Dublin will be the big winner as jobs are created there [...]
Asset manager Janus Henderson revenue loss driven by performance fee drop November 1, 2018 A decline in UK and European fund performance drove a revenue drop at asset management firm Janus Henderson in the third quarter. Revenue fell from $477.7m (£369.7m) in the second quarter to $468.9 between July and September this year following a dip fees after several large European equity strategies, absolute return products and mutual funds performed [...]
These are the 10 projects vying for the title of London’s greatest infrastructure achievement October 26, 2018 The 10 projects in the running to be named London's greatest infrastructure achievement for this year have been revealed. The Institution of Civil Engineers has released the shortlist of 10 projects being considered for the top accolades, with awards being given out next month for the best infrastructure project, innovation, and community benefit. All projects [...]
The FCA cannot afford to focus on Brexit alone October 25, 2018 It has been a mixed few months for the City's watchdog. On the one hand, the Financial Conduct Authority (FCA) has delivered long-awaited reforms to the asset management industry, while its chief Andrew Bailey has made several strong interventions in the Brexit debate, such as pointing out the absurdity of EU negotiators attempting to rule [...]
Blackrock’s European regional headquarters to stay in the UK after Brexit October 24, 2018 Wealth management firm Blackrock is poised to keep its largest European regional operations headquarters in the UK after its exit from the European Union, moving "only very few" jobs to other offices on the continent. The world's largest asset management firm currently manages operations for the Europe, Middle East and African (EMEA) region from its UK [...]
Merian Global Investors targets Asia expansion with Ping An partnership October 23, 2018 Merian Global Investors has signed an agreement with Hong Kong asset management firm Ping An as the firm targets expansion into Asia. The London-based asset management business agreed a Memorandum of Understanding with Ping An this morning, which will allow the firms to work together on fund distribution, marketing and investment advisory services. Read more: FTSE [...]
Crypto A.M. shines its spotlight on Sensify October 16, 2018 Sensify, a UK based company, has developed an Internet of Things software platform for connecting any type of IoT asset. The platform allows the customer to track, trace, monitor, verify and secure its assets in real time. Assets that can connect to the platform include RFID, sensors, telematics devices, inventory and machinery. The IoT market [...]
Blackrock reports boosted earnings but ‘disappointing’ net flows October 16, 2018 Blackrock, the world's biggest asset management firm, has reported a rise in earnings in its third quarter results, but revealed net outflows of $3bn (£2.27bn). Assets under management were also up by 8 per cent from $5.97 trillion (£4.52 trillion) between July and September 2017 to $6.44bn trillion this year. Read more: Blackrock wins £30bn investment contract from [...]
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 [...]