Schroders is losing two fund managers who are setting up their own boutique. Janus Henderson has created two senior international distribution roles, while Principal Global Investors is focusing on UK fund distribution with its latest hire.
Zedra has added a head of business development and an associate director to its Jersey roster, while Manulife has made a staggering 17 promotions in Hong Kong. Swiss asset manager Quaero has a new group chief operating officer.
Old Mutual Wealth has partnered with the Chartered Insurance Institute (CII) to launch an Investment Academy, designed to help advisers meet new CII criteria.
Sterling weakness lifted Schroders’ assets under management by close to 30% during the first nine months of the year in the face of a 67% drop in net inflows.
The ink is not dry and already commentators are hailing the merger of Henderson Global Investors and Janus Capital as an example of what is to come.
London-headquartered independent fund manager Henderson Group is to merge with US fund manager Janus Capital, creating a combined operation with $320bn (£248bn,€285bn) assets under management and a market capitalisation of approximately $6bn.
With news overnight that the Bank of Japan has unveiled a new form of stimulus, professional investors and economists reacted with mixed enthusiasm.
Axa Investment Managers has named a global head of product, retail and institutional development, while Old Mutual Global Investors has created a country head position in Italy. Following a battle with cancer, Standard Life’s head of adviser engagement has died.
South Korea is one of the most attractive regions in Asia in terms of dividend growth potential, said Henderson Asian Dividend Income Fund co-manager Sat Duhra.
Henderson Global Investors said it saw significant Brexit-related outflows from European equities and property funds in its first half.
Last week’s suspension of several daily-traded, open-ended property funds demonstrates that the concept is ‘absurd’, according to Seneca Investment Management.
Henderson Global Investors and Columbia Threadneedle have announced they have suspended all trading in their respective UK property authorised investment funds (Paifs) and feeder funds, the firms said on Wednesday.
