Rathbones secures Irish licence as it eyes Europe expansion Investing Rathbones has secured a financial licence allowing it to begin operating in Ireland and the EU, as the wealth manager looks to extend its reach across Europe. The firm was granted a Markets in Financial Instruments Directive (MiFID) licence from the Central Bank of Ireland, which enables it to serve new and existing clients in [...]
The era of ‘easy money’ is over, warns Carmignac boss Investing Star stockpicker Edouard Carmignac has urged investors to stop buying into passive funds as rising interest rates signal the end of ‘easy money’. The veteran fund manager, who co-founded asset management house Carmignac in 1989, warned investors that staying in passive funds risks exposure to struggling, debt-heavy companies. Rising interest rates force passive funds, which [...]
M&G: FTSE 100 giant hits out at Rayner’s ground rent cap as it suffers loss Property Asset manager M&G has swung to a loss driven by the Labour government’s introduction of a cap on existing ground rents. The FTSE 100 group hit out at the government after it reported a £165m loss for the first six months of the year, driven by a £325m write-down eating into its bottom-line. In its [...]
European private credit booms as private equity firms are forced to refinance August 24, 2026 Lending by European private credit firms hit a record-high in the first half of the year as a subdued dealmaking environment forced private equity firms to pause sale processes and renegotiate their portfolio companies’ debt, new data suggests. The value of direct lending across the continent hit €63.2bn (£54.1bn) in the first six months of [...]
Royal London hits assets record amid pension push August 5, 2026 Royal London recorded a new record high for assets under management, as the group was buoyed by resilient market activity and an influx of pension wealth. Assets under management (AUM) climbed to £212bn, up from £199bn at the end of the last financial year, driven by positive market movements and investors taking the “Iran war [...]
London fund manager Redwheel taps bankers for £150m sale June 24, 2026 London-based fund manager Redwheel has called in bankers to run a potential sale process which could value the company at more than £150m, City AM can reveal. Redwheel, which manages around $22bn for clients across four equity and bond strategies, has recently begun working with London-based advisers at BNP Paribas to review its options after [...]
Crispin Odey settles sexual assault claims ahead of trial May 14, 2026 Former hedge fund tycoon Crispin Odey has settled a string of sexual assault allegations brought against him just weeks ahead of a trial that was due next month. Odey had faced five personal injury claims against him brought by women who accused him of sexual assault. But he has settled four of the claims before [...]
Investors urge FTSE-100 Intertek to resist takeover pressure May 10, 2026 Major shareholders in FTSE 100 giant Intertek are urging the firm to hold its nerve as a Swedish private equity firm circles. Investors in the quality assurance and product testing business who account for close to £300m of the firm’s value told City AM it is undervalued by the latest offer, which stands at £8.9bn [...]
Victory Capital raises offer as Janus Henderson bidding war heats up March 17, 2026 Victory Capital has increased its offer for rival asset manager Janus Henderson as the bidding war with Trian Fund Management and General Catalyst heats up. The latest offer from Texas-based Victory Capital comes just days after its previous approach was rejected, with the firm saying on Tuesday it would offer $40 (£29.96) per share in [...]
M&G continues road to recovery as net inflows rise March 12, 2026 M&G reported a reserve to outflows in its latest annual results after a return to growth in its Life business and asset management gained momentum. The investment manager reported net inflows of £7.8bn in the last financial year, up from net outflows of £1.9bn the prior year, which the company pinned on “challenging market conditions” [...]