Companies Financial News

17.11 / 09:54

companies MPs Tatton AM assets jump by nearly 20% on MPS demand

Paul Hogarth (pictured), CEO of Tatton Asset Management

16.11 / 14:23

companies Winterflood Rathbones Investec W&I CBAM Close Brothers AM eyes acquisitions as hiring spree drives inflows surge

CBAM has been a beneficiary of the exodus from Investec Wealth & Investment this year, hiring a raft of investment professionals who have departed the firm since news of its takeover by rival Rathbones was announced in April.

16.11 / 14:23

companies Investec Rathbones Investec W&I Investec profits surge 11% following Rathbones merger

Fani Titi (pictured), CEO of Investec.

16.11 / 10:30

companies hedge funds Acquisition Manulife IM to acquire London-based alternative credit manager CQS

The London-based CQS was founded in 1999 by Michael Hintze as a hedge fund manager.

16.11 / 10:30

UK companies Results liontrust GAM Liontrust outflows continue to mount as AUMA sinks below £30bn

CEO John Ions noted the majority of the manager’s assets were invested in UK equities, an asset class that has long fallen out of favour with investors.

15.11 / 11:41

companies Interest rates Ninety One outflows Ninety One outflows surge to £4.3bn as assets slump 5%

Hendrik du Toit (pictured), founder and CEO of Ninety One

15.11 / 11:41

companies private credit Boutique stake First Sentier Investors takes majority stake in European alternative credit boutique

Following the transaction, AlbaCore will continue to operate with investment autonomy and will not see a change to its operations, teams, office locations or brand.

15.11 / 08:33

companies AGM SJP shareholders St James's Place executive pay SJP tackles shareholder dissent over executive pay

According to the full AGM results, this was the only issue to not receive at least 90.9% of votes in favour.

14.11 / 15:33

companies Aum Fundsmith Equity fundsmith Terry Smith's payout slips to £31m as Fundsmith assets and profits slide

The firm’s flagship fund, Fundsmith Equity, held £23.9bn in assets at the end of September, down from a peak of about £28.8bn in December 2021, according to data from FE fundinfo.

13.11 / 20:17

Fitch companies investment managers 2024 Fitch Ratings warns investment managers face 'deteriorating' outlook in 2024

Fitch highlighted that traditional and alternative investment managers face different challenges in the year ahead, particularly as growth continues to tighten.

13.11 / 20:17

companies Unit trusts/OEICs People moves Sanlam Investments growth equities team joins Landseer AM as funds stay put

Investment Week understands the move has been made in order to take advantage of the institutional and European distribution capabilities of Landseer.

09.11 / 12:19

UBS companies Interest rates financial conduct authority Vanguard Consumer Duty risks drive Hargreaves Lansdown and AJ Bell 'Sell' rating from UBS

UBS said HL's premium pricing looks 'increasingly unjustified' when compared to similar product ranges, quality and customer service at lower cost competitors.

08.11 / 16:23

regulation fees companies risk Wealth managers financial conduct authority Consumer Duty FCA takes aim at wealth managers over high-risk and high-fee products

'We continue to see firms charging for services which are not delivered, overtrading on portfolios to generate high transaction fees and providing a product or service which does not align with the needs of consumers.'

08.11 / 12:00

companies financial conduct authority Unit trusts/OEICs Link Fund Solutions Marlborough Group gets £5.5bn ACD mandate from Evenlode

The trio of strategies, with more than £5.5bn in assets under management, comprises the Evenlode Income, Evenlode Global Income and Evenlode Global Equity.

08.11 / 12:00

UBS Bank of England companies Credit Suisse bonds FINMA Takeover UBS offers first AT1 bonds since Credit Suisse takeover

Holders of $17bn of Credit Suisse’s AT1 bonds had their holdings wiped out as part of the historic takeover of the bank by UBS, a move that has sparked controversy across European debt markets.

07.11 / 16:29

companies Odey AM stake Odey AM sells entire stake in Oxford BioDynamics

Oxford BioDynamics is a global biotech company based in Oxford.

07.11 / 12:06

UBS companies Results Credit Suisse Costs UBS reports $785m loss as Credit Suisse integration costs swell to $2bn

In its asset management arm, net new money declined by $1.5bn, and by $8.3bn excluding money market flows and associates, while invested assets declined 3% to $1.6trn.

06.11 / 16:03

M&A companies Wealth Management US private equity firm becomes controlling shareholder of Titan Wealth

Andrew Fearon, joint CEO and head of M&A at Titan, said the deal supports the firm’s overall acquisition strategy, describing the transaction as 'instrumental' for its future growth plans as a business.

06.11 / 16:03

IPO companies Fidelity Investments jp morgan Barclays FCA Jupiter Investors accuse CAB Payments of limited risk disclosure in IPO prospectus

CAB’s IPO was London’s biggest this year, with a valuation of £851m, raising £335m from investors.

03.11 / 14:45

companies Abrdn AGM abrdn seeks to reassure shareholders after AGM pushback

Five resolutions received less than 80% of votes cast in their favour.

03.11 / 14:45

UK companies funds Unit trusts/OEICs ETFs Jupiter Pridham Report: BlackRock remains on top even as net sales sag 40%

BlackRock’s best seller throughout the quarter was the iShares North American Equity Index, which attracted record inflows from retail investors.

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