Richard Buxton steps down as chief executive of Merian Global Investors after Old Mutual spin off January 8, 2019 Richard Buxton has stepped down as the chief executive of Merian Global Investors following a management buyout and rebranding of the business from Old Mutual Global last year. As a major shareholder, Buxton will remain on the Merian’s board and continue to lead the equities team and manage his UK Alpha fund. His successor, Mark [...]
Why investors should be wary of star managers December 12, 2018 For a long time, it seemed like Neil Woodford could do no wrong. That was until 2017, when the UK’s best known fund manager seemed to lose his magic touch – and since then, the returns from his three popular funds have been struggling. His flagship Woodford Equity Income fund has lost investors almost 10 [...]
Showdown: Barclays boss set to meet troublesome activist investor November 11, 2018 Ever since the activist investor Edward Bramson revealed his 5 per cent stake in Barclays in March of this year, the two sides have danced around each other. The bank's chief executive, Jes Staley, aspires to lead an investment banking powerhouse. Bramson, on the other hand, wants that operation scaled back – favouring, in its [...]
Quilter blames market conditions for fall in cash inflows in third quarter October 24, 2018 Wealth manager Quilter has blamed market conditions for a fall in net client cash flow (NCCF) to £1.1bn in the third quarter. Cash inflows (excluding Quilter Life Assurance) dipped from £1.9bn compared to the same quarter last year, a drop of 42 per cent. Read more: Quilter posts strong debut profits after growth in new [...]
Debate: Are British high street banks a good opportunity for investors at the moment? September 26, 2018 Debate: Are British high street banks a good opportunity for investors at the moment? Yes – Richard Buxton is chief executive and a fund manager at Old Mutual Global Investors. As a long-term investor in UK banks, the most recent reporting season came as a welcome relief. The litany of conduct charges and regulatory [...]
Old Mutual share price hit by weak South African growth November 5, 2014 Asset manager Old Mutual yesterday said its third-quarter sales were down, as weak economic growth in South Africa and the falling rand started to bite. Sales volumes fell five per cent to £6.2bn, from £6.5bn in the same quarter of 2013. Emerging markets sales fell most sharply, down 13 per cent to £2.4bn, on poor [...]
Old mutual hires Nedbank’s Ingrid Johnson May 14, 2014 OLD MUTUAL yesterday appointed Ingrid Johnson as its finance director, poaching her from Nedbank where she is group managing executive in charge of retail and business banking. Johnson replaces Philip Broadley who has been in the role since 2008. The investment group has also promoted Paul Hanratty to the role of chief operating officer.
Old Mutual sells German insurer to joint venture March 28, 2014 UK LISTED fund manager Old Mutual has sold its German and Austrian insurance division to private equity firm Cinven and reinsurer Hannover. The all-cash deal, which will reap Old Mutual €220m (£181.9m), is part of the group’s bid to slim down its work in Europe and move its focus to faster growing markets overseas. Cinven [...]
Old Mutual shares jump on IPO confirmation and Intrinsic acquisition February 28, 2014 Old Mutual has posted promising 2013 results this morning, announcing it’s bought adviser firm Intrinsic for an undisclosed amount. The international group also confirmed it’s taking its US Asset Management business to market, with a minority initial public offering this year. Last year, it saw reported profit before tax of £1.5bn – a 9.5 per [...]