Billionaire ex-Tory treasurer ups Chapel Down stake after shares collapse Retail The billionaire founder of city brokerage ICAP, Lord Michael Spencer, has upped his stake in English wine maker Chapel Down. The former treasurer of the Conservative party serves as a non-executive director of the Kent-headquartered company and now holds a 27.3 per cent stake. The increase comes after Lord Spencer bought 50,000 ordinary shares at [...]
FTSE bosses should be paid like top footballers, says ICAP founder Investing Bosses of London-listed firms should be paid like the best footballers without facing a backlash, Michael Spencer has argued. The founder of brokerage ICAP and former Conservative party Treasurer said that to attract top talent to run major companies, the UK needed to tackle the “political hot potato” of FTSE bosses’ pay. “We don’t mind [...]
‘Reinventing active management’: Why stock picking as we know it might be outdated Investing Looking to “reinvent active management,” Mark Ellis, manager of the Nutshell Growth fund, has pushed back on the traditional way that fundpicking has been done. Following an intricate model that uses over 30 variables, the manager aims to provide a “hedge fund methodology” that retail investors can actually access. Ellis cited his perspective as a [...]