Fidelity International to cut 1,000 jobs – but it’s unclear where the axe will fall March 6, 2024 Fidelity International is set to cut around 1,000 jobs globally, roughly nine per cent of its total headcount, the company announced today.
US asset managers’ split widens over social and environmental issues March 6, 2024 The split between US asset managers on issues around social and environmental policies has continued to widen, according to a new analysis of their proxy voting policies.
Quilter reports growth as bosses celebrate hitting cost-cutting targets early March 6, 2024 Assets under management and administration edged back over £100bn during the year, finishing at £103.4bn, compared to £96.2bn at the end of 2022.
Equity inflows: UK investors most bullish in three years March 5, 2024 UK investors reached their most bullish in three years last month, as they poured £2.7bn into equity funds throughout February.
Terry Smith in the doghouse over Fundsmith Equity underperformance March 4, 2024 The report from Bestinvest, which identifies the funds in the 'doghouse' due to persistent underperformance, saw the number of poorly performing funds rise sharply.
H2O Asset Management suffers fresh auditing blow: How did it end up here? March 4, 2024 Beleaguered French investment firm H2O Asset Management has suffered a fresh blow after its auditors warned that the firm’s accounts “do not give a true and fair view” of its current financial position. But how did it end up here? Between 2015 and January 2020, H2O AM invested €2.3bn in illiquid private debt securities linked [...]
Jobs saved after luxury kitchen maker Harvey Jones sold out of administration February 26, 2024 Around 140 jobs have been saved after luxury kitchen maker Harvey Jones was sold out of administration in a pre-pack deal.
‘Reinventing active management’: Why stock picking as we know it might be outdated February 20, 2024 Looking to “reinvent active management,” Mark Ellis, manager of the Nutshell Growth fund, has pushed back on the traditional way that fundpicking has been done. Following an intricate model that uses over 30 variables, the manager aims to provide a “hedge fund methodology” that retail investors can actually access. Ellis cited his perspective as a [...]
Has the ‘squeezed middle’ come true for UK asset managers? February 17, 2024 As data for the end of the year has trickled out over the last month, it has become clear that 2023 was a poor year for mid-sized asset managers, after they suffered an already bruising 2022. The idea of the ‘squeezed middle’ has been a pervasive business cliche for some time, but it seems to [...]
China and climate funds were the biggest losers of January as tech stays strong February 2, 2024 China funds were the worst performing category of any fund in January, while the strength of the tech sector continued to shine. Throughout last month, the average China fund lost 9.2 per cent of its value, followed by UK index linked gilt funds, which lost 5.9 per cent, and Latin American funds, which lost 4.4 [...]