Ladbible and Onthebeach founders back investor led by Steven Bartlett’s former business partner November 5, 2024 The founders of Ladbible and Onthebeach have backed a venture capital firm that is led by the former business partner of Dragons’ Den star, Steven Bartlett. Solly Solomou, the chief executive of Manchester-headquartered Ladbible Group, has invested in Wilmslow-based Fearless Adventures alongside Onthebeach’s Simon Cooper, who will become its chairman. Solomou has invested through his [...]
Jupiter loses another fund run by star stockpicker October 30, 2024 Asset manager Jupiter has lost another fund run by star stockpicker Ben Whitmore, as the mandate for an Omnis fund has been taken away from it following Whitmore’s departure. The £573m Omnis Income and Growth fund is set to be shifted to being managed by Ninety One, after being run by Whitmore since July 2019. [...]
Investec downgrades ‘deeply underwhelming’ Martin Currie trust October 29, 2024 Investec has downgraded a Martin Currie-run investment trust due to its “deeply underwhelming” performance, arguing investors should sell out of the vehicle. The performance of the £234.5m Martin Currie Global Portfolio has been “concerning” and its attempts to keep its stock price up are “clearly not sustainable,” warned Investec analysts Alan Brierley and Ben Newell. [...]
Love Island host Maya Jama invests in pea milk brand Sproud October 29, 2024 Love Island presenter Maya Jama has invested in Swedish plant milk brand Sproud – which is already backed by a shareholder of Fortnite maker, Epic Games. Jama is to be a strategic advisor and public face of the company following the deal, the value and scale of which has not been revealed. Sproud’s investors also [...]
How the politics of your fund manager could affect your portfolio October 28, 2024 Does politics affect the way you invest? It could be impacting how the fund manager that looks after your money does. Fund managers are increasingly managing their portfolios based on their political views, according to a new study from Harvard Business School and Washington University. An analysis of the political leanings of fund managers in [...]
Pensionbee boss reveals the secret to a successful pension October 22, 2024 Pensionbee CEO Romina Savova has revealed what she describes as the big secret behind a successful pension.
Why investors are switching from bullion bars to coins amid Budget capital gains tax fears October 17, 2024 The sale of bullion bars has suffered a sharp drop amid fears Chancellor Rachel Reeves could hike capital gains tax in the Budget later this month. The Royal Mint has revealed sales of bullion bars, which are subject to capital gains tax, fell by 11 per cent year on year in the three months to [...]
Man Group outflows jump after large client pulls funds October 17, 2024 Man Group was hit by $5.5bn (£4.2bn) in outflows during the three months to September, driven by a single client redeeming its money.
Bellevue Healthcare hit by ‘surprise’ shareholder exodus October 15, 2024 The £670m Bellevue Healthcare trust has been plunged into turmoil today after more than a third of its shareholders said they wanted to pull their cash from the fund. As the fund launched its annual redemption scheme, which allows investors to cash out for the price of the trust’s underlying assets, some 36 per cent [...]
Polar Capital shakes off August’s market meltdown October 10, 2024 Polar Capital has reported an uptick in assets under management after the specialist fund manager shook off a hit from August's market meltdown.