UK’s wealthiest financier Michael Platt sues own lawyer for professional negligence Legal The UK’s wealthiest financier, Michael Platt, and his hedge fund are suing their former lawyer for alleged professional negligence and preparing for a trial. The claim was filed in September last year against Malcolm Gammie KC, a barrister at One Essex Court, following the billionaire and his firm being in a long-running dispute with HMRC [...]
Baillie Gifford trust chair to raise activist campaign complaints with City minister Investing The City minister has offered to meet the chair of Baillie Gifford’s US Growth to discuss potential safeguards for the investment trust industry, after the FTSE 250 trust was swept up in a years-long activist campaign waged by US hedge fund Saba Capital. Lucy Rigby or her officials will meet US Growth (USA) chair Tom [...]
Emerging markets buck investor woes as equity funds shunned Investing Investors may have cut their exposure to equities in favour of bonds and fixed income holdings, but emerging markets defied the trend. UK investors withdrew £858m from equity funds in September, marking the fifteenth month of outflows in the last sixteen, according to the latest fund flow index from Calastone. Since the start of the [...]
Quilter toasts record inflows as financial advice push pays off August 6, 2026 Quilter has posted record net inflows as the wealth management firm toasts the success of capturing customers seeking financial advice. Total assets under administration and management (AUMA) jumped 25 per cent to £157.4bn in the first half of the year. The hike was driven by a 32 per cent increase in core net inflows to [...]
Keep your politics out of your investments July 28, 2026 I keep telling everyone that you should keep your politics out of your investment portfolio. The market doesn’t care about your politics. That is why I am against ESG investors that exclude certain industries from their portfolio, just like conservative investors who think climate change is a hoax and don’t invest in wind and solar [...]
Thin end of the wedge? LLPs brace for major tax overhaul July 2, 2026 The maths genius behind trading firm XTX, Alex Gerko, stands high in the rankings of Britain’s top taxpayers, having paid more than £330m to HMRC last year. For good measure, he also handed out more than £150m to charities and good causes in 2025, focusing on education and supporting talented math graduates to pursue PhDs [...]
UK ‘no longer a serious place’ says Hedge fund boss after losing £200m tax battle July 1, 2026 Hedge fund Bluecrest Capital Management, founded by the UK’s wealthiest financier, said the UK is no longer “a serious contender” as a place to do business after it lost a £200m battle with the tax man, in a ruling that could now leave the wider hedge fund and professional services industries facing a hefty bill. The [...]
Wealth advisory firm set for £240m sale as bidders circle June 25, 2026 Wealth advisory firm Equiom is set for a potential £240m sale in what would be the latest in a wave of dealmaking across the sector, City AM can reveal. The Isle of Man headquartered firm, which counts family offices and high net worth individuals among its client base, is currently running a sale process and [...]
City law firm lands record £36bn BHP case June 25, 2026 City-based law firm Quinn Emmanuel has been appointed to lead litigation on a £36bn claim against BHP, one of the largest class action claims in UK history. Another London-based law firm, Pogust Goodhead, is leading the claim against the mining giant over a 2015 collapse of a dam in Brazil, and said on Wednesday it [...]
Griffin’s Citadel to swerve New York after mayor’s wealth tax campaign May 6, 2026 Hedge fund juggernaut Citadel has diverted investment earmarked for New York to its Miami headquarters, founder Ken Griffin has said, after the city’s socialist mayor filmed a video promoting a new ‘pied a terre’ wealth tax outside the billionaire’s $285m penthouse. Griffin told CNBC that because of mayor Zohran Mamdani’s social media clip, his $67bn [...]