Funds
31 Jul
Whistleblowers report L&G to FCA over compliance failures
legal and & general

Employees at Legal & General have reported the company to the Financial Conduct Authority over alleged compliance and risk failures at the insurer’s £1trn asset management arm, the Financial Times reported.

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16 Jul
FCA could ban exit fees for investment platforms
FCA

The Financial Conduct Authority is considering banning exit fees for online investment platforms to promote competition in the fast-growing sector.

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20 Jun
Legal & General sees strong profit growth at investment arm
legal and & general

Legal & General said it expects its asset management division to increase profit by up to 10% a year in normal markets.

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14 Jun
Man Group and AQR test ways to mimic private equity returns
man group

Man Group, AQR and other asset managers are responding to the popularity of private equity investments by trying to replicate the sector’s returns at a lower cost than the real thing.

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08 May
Autolus's US IPO plan provides boost for Woodford
neil woodford

Autolus Therapeutics has registered to float its shares in the US to raise up to $100m (£74m) in a fillip for struggling star investor Neil Woodford.

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08 May
Standard Life Aberdeen contests Lloyds' £109bn fund withdrawal
standard life aberdeen sla

Standard Life Aberdeen said Lloyds Banking Group did not have the right to withdraw £109bn of funds, setting up a legal dispute between the two companies.

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03 May
Richard Branson to become private equity fund partner
virgin branson

Richard Branson is making his first move into private equity as a partner by seeking €500m (£440m) from institutional investors to buy into consumer businesses.

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26 Apr
Schroders assets under management fall in first quarter
cbcitylondon

Schroders reported a 2% fall in assets under management in the first quarter as equity markets tumbled.

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24 Apr
Neil Woodford urges investors to keep the faith after Prothena setback
neil woodford

Neil Woodford urged investors to stick with his investment trust after one of its biggest investments scrapped the most advanced drug in its pipeline.

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01 Feb
Intermediate Capital increases annual fundraising target
London the City Tower bridge City Hall

Intermediate Capital increased its annual fundraising target by 50% to capitalise on an increase in the number and size of strategies available to the asset manager.

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03 Jan
Mifid II starts smoothly after late exemptions for futures exchanges
cbmifid2

Implementation of new rules governing European financial markets went smoothly after the UK and Germany gave the continent's biggest futures exchanges last-minute leeway.

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19 Dec
Old Mutual agrees management buyout of single strategy business
old mutual, insurance

Old Mutual has agreed to sell its single strategy business for £600m in a management buyout led by the division's chief executive Richard Buxton.

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29 Nov
FCA accuses fund managers of sharing information on share offers
FCA

The Financial Conduct Authority has accused four fund management companies of breaking competition law by sharing information during share offers.

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23 Nov
Worldwide Healthcare outperforms amid positive Trump effect
drugs pharmaceuticals biotech healthcare btg

Worldwide Healthcare Trust said it outperformed its investment benchmark in the first six months of the year and that perceptions of healthcare stocks had improved under the presidency of Donald Trump.

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