PEOPLE MOVES: KPMG, Standard Life, Axa, Barclays Wealth
Six appointments for both KPMG and Barclays Wealth, while Axa UK gets a new chief financial officer
Neptune
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UK funds invest £650m in Trump detention camps
St James’s Place, Neptune and Aviva Investors are among asset managers with £657.7m ($869m, €744m) in three companies connected with US detention camps holding immigrants and their children.
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Five emerging market views on Mexican elections
Mexico is set to lurch to the left when it goes to the polls this weekend with populist Andrés Manuel López Obrador, known by his nickname Amlo, the front runner in the presidential elections. Five managers weigh in on what Mexico’s politics mean for emerging market investors.
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PEOPLE MOVES: Woodbrook, AMP, Arlo Associates
Woodbrook Group hires an industry veteran to manage its Spain operations, AMP’s chief risk officer for its advice division resigns and Arlo Associates appoints a tech entrepreneur to chair its board.
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PEOPLE MOVES: Schroders, Intrinsic, RBC Wealth Management
Schroders has confirmed the departure of a long-standing director in the Middle East, while OId Mutual Wealth’s adviser network Intrinsic has appointed an operations director and RBC Wealth Management targets adviser relationships with its latest recruit.
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Five worst performing funds in April
Mark Carney cast doubt on a May rate rise, UK GDP grew at its most sluggish pace in over five years, US treasuries hit 3% and Russia faced US sanctions. So which funds had the toughest time navigating April? Our sister publication Portfolio Adviser examines performance figures from FE.
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Are regional emerging market funds making a comeback?
Emerging market equities is one of the few asset classes where investors are still seeing value, but as the asset class makes a comeback investors have different takes on whether to allocate to regional funds or leave geographical allocation to portfolio managers.
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Neptune’s Geffen reveals his ‘worst investment ever’
Neptune chief executive Robin Geffen is incredibly concerned by the current glut of “complicated” funds that lack portfolio transparency, saying they remind him of the “worst investment” he ever made.
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Why the eight-year bull market is already over
Fears the globe is coming to the end of an eight-year bull market are based on a complete misconception according to former Neptune fund manager, Felix Wintle.
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Time to clear out the clutter of small funds?
Small and expensive, are funds that have failed to hit £10m ($13m, €11m) in assets just clogging up the investment universe?
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PEOPLE MOVES: Pakistan, Old Mutual Wealth, Jupiter
The Panama Papers fallout continues with the prime minister of Pakistan resigning. Old Mutual Wealth has hired an investment specialist to support advisers, while Jupiter’s head of Middle East & Africa has left the company.
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PEOPLE MOVES: Old Mutual director runs for Zimbabwe presidency
An Old Mutual director is to run for president of Zimbabwe, while Old Mutual Asset Management and Axa Asia are both losing their chief executives. Deutsche Bank Wealth Management has appointed a former Coutts & Co chief executive to head up its UK business.