Old Mutual Global Investors unveils new name
In the next step in OMGI’s journey to becoming a standalone single-strategy business, the company announced on Friday that it is to be rebranded Merian Global Investors.
Author: Sebastian Cheek
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DFMs hindering trust take-up on platforms
Discretionary fund managers’ lack of willingness to use investment companies in model portfolios is hindering their adoption on advised platforms, according to the Lang Cat.
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Growth boom attracts investors to EM passives
Fund selectors have been lured to passive strategies in emerging markets over the past 12 months after soaring technology stocks have driven the growth index sky high.
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Woodford boosted by soaring healthcare stock
A Neil Woodford-backed healthcare stock climbed 114% on Tuesday.
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Commodities poised to finally join the bull market
After a torrid nine years of losing investors money in a raging bull market, commodities could finally start to see a change in fortune.
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Wells Fargo AM launches global equity absolute return fund
Wells Fargo Asset Management has launched a Ucits-compliant global equity absolute return fund.
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Wealth managers expect ESG strategies to flourish
Two thirds of professional investors expect to allocate more money to ESG strategies in the next three years, Royal London Asset Management has found.
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SJP among firms targeted on diversity
St James’s Place, Provident Financial and several investment trusts are among a raft of FTSE companies the Investment Association has written to demanding an explanation for poor gender balance at executive level or risk a shareholder mutiny.
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Schroder UK Growth board ditches Schroders for Baillie Gifford
The board of the Schroder UK Growth fund is dumping Schroders as its manager and replacing it with Baillie Gifford, citing continuous underperformance since inception as the reason behind the decision.
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Multi-managers abandon property for absolute return
Multi-managers are shunning UK commercial property funds in favour of absolute return vehicles to avoid correlation with equities and fixed income, and improve portfolio liquidity.
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Zurich sells Openwork stake in early exit
Zurich has sold its 25% stake in Openwork two years earlier than expected, handing majority ownership to the IFA network’s partners.
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FCA to probe Aviva £450m share U-turn
The Financial Conduct Authority is to investigate insurance giant Aviva over whether its plan to cancel preference shares was market abuse.