The winners of the 2018 Wealth & Money Management Awards September 10, 2018 | Sponsored Imperium Investments have received two awards at the 2018 Wealth & Money Management Awards. The company received the title of Best Wealth Management Firm – South-East England. They also received the Award for Excellence in Social Impact Initiatives. Returning for the 5th consecutive year, the 2018 Wealth & Money Management Awards are dedicated to rewarding [...]
Investment fund Third Point plans to oust Campbell board September 7, 2018 US investment fund Third Point has revealed plans to oust the entire board at food brand Campbell. Billionaire hedge fund boss Daniel Loeb, who is pursuing a sale of the brand, wrote to the board today to inform them that the fund, which owns a 5.65 per cent stake in Campbell's Soup, would nominate 12 people for [...]
Activist hedge fund Elliott demands restructure at Hyundai Motor Group September 7, 2018 Activist hedge fund Elliott Management has made proposals to restructure Hyundai Motor Group (HMG), after forcing the car manufacturer to abandon its plans. Elliott, which holds $1.5bn (£1.16bn) of shares in the group, has called on Hyundai to install a committee to steer restructuring plans and discuss shareholder returns and board makeup. Read more: UK [...]
Does your child have a forgotten £1,000 nest egg? September 7, 2018 | City Talk Child Trust Funds (CTFs) were once a popular way to save for children. They were introduced in April 2005 to encourage long-term saving and give all children a financial boost by the time they reached 18. The government sent vouchers to parents of between £250 and £500 to give accounts a head start, and family [...]
Ten events that could move stock markets in the final quarter of 2018 September 7, 2018 | City Talk As many northern hemisphere investors get their feet back under their desks after the summer break, we look at the key events and themes likely to be on the agenda for September and the fourth quarter of 2018. 1) Global trade negotiations The US and China held fresh, and largely fruitless, trade talks in August. [...]
Asset management group Ashmore to open Ireland office ahead of Brexit September 7, 2018 Asset management firm Ashmore is establishing an Irish subsidiary as part of its Brexit contingency planning. The emerging markets investment manager, which is headquartered in London, will open the office in order to continue serving clients after Britain leaves the European Union. Read more: John Laing Group share price jumps amid profit surge The new [...]
UK equity funds out of favour due to Brexit as outflows hit £315m September 6, 2018 The UK is "firmly out of favour" with equity fund investors as outflows hit £315m in July. Outflows have totalled £3.5bn so far this year over ongoing Brexit uncertainty, data published by the Investment Association today shows. Read more: Sterling jumps on report Germany and UK could offer key Brexit concessions Funds in the UK were [...]
Goldman Sachs reportedly ditches bitcoin trading plans, taking crypto prices with it September 5, 2018 Goldman Sachs is reportedly dropping its plans to open a desk for trading cryptocurrencies, in a move which yesterday sent the prices of popular coins such as ethereum and bitcoin skidding. Sources familiar with the matter told Business Insider that Goldman Sachs was nervous to continue with the plans while future global regulatory frameworks for cryptocurrencies [...]
Investment management firm Pimco hires ex-Blackstone vice chair John Studzinski September 5, 2018 US investment management firm Pimco has hired top deal maker John Studzinski to advise the company's most important clients. Former Blackstone vice-chairman Studzinski will be based in New York as managing director and vice chairman, reporting to chief executive Emmanuel Roman. Read more: Man Group poaches Sanlam Four's strategic bond fund and team Before joining Californian-headquartered Pimco, which was founded by [...]
Green is the new gold…and emerging markets are flashing red September 5, 2018 | Sponsored Forget Gold. The greenback is the new safe haven of choice for investors seeking refuge. They are flocking to the US dollar en masse every time geo-political and trade tensions push them to make a defensive move while bullion lags behind. But this is bad news for emerging markets and here is why…. As the [...]