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Market correction hits UK private investors with £12bn loss
Private investors have continued to ride the UK bull market over the course of 2013 so far but their failure to spot the recent market correction cost them close to £12bn, new data suggests.
FTSE plunges 2% points after Bernanke points to QE's end
The FTSE 100 fallen by more than 1.2 per cent after opening, joining other global markets in falling after Ben Bernanke said the Federal Reserve could start to slow quantitative easing later in the year.
Sarasin & Partners hires head of environmental, social & governance research
Natasha Landell-Mills will lead the responsible investment team at Sarasin & Partners.
Chinese GDP slump fears heighten as more data disappoints
Concerns that Chinese economic growth could slow later this year mounted after new data suggested manufacturing activity slumped to a nine-month low in June.
PRA demands UK banks find further £13bn in capital
The Prudential Regulation Authority has told the UK banks to find another £13bn of capital in addition to the money already raised to strengthen their balance sheets.
Mervyn King to be made life peer
Prime minister David Cameron recommended King for a life peerage.
Osborne looks to split RBS into 'good' and 'bad' banks; eyes Lloyds sale
Chancellor George Osborne has announced the Government will conduct an “urgent investigation” into whether to hive off RBS’s toxic loans.
Dean buys Rio Tinto and Barclays for Cazenove UK Opportunities
Julie Dean has started a position in Rio Tinto and added to banking group Barclays in her £1.8bn Cazenove UK Opportunities fund as she maintains a pro-cyclical business cycle tilt.
Raymond James launches bundled pricing model
Platform is charging a flat rate of 0.33 per cent including fund and share trades.
Tenet posts £4.5m loss and reveals PwC settlement
PwC took legal action against Tenet last year to recoup over £2m relating to collapsed network Berkeley Independent Advisers.
Standard Life's Gibbs favours UK bonds over Japanese
The global index-linked bond manager is concerned about Japan’s ability to meet inflation targets.
SVM's Veitch: Domestic cyclical plays are an 'all too easy narrative'
Neil Veitch avoids choosing stocks purely as cyclical plays on a UK recovery to focus on “appropriately priced” good businesses.
HMRC issues additional rebate tax guidance
HMRC confirms payments from fund managers to life companies are not taxable.
Fund managers return to Europe as growth confidence improves
A net 45 per cent of portfolio managers - the highest since February 2011 - expect Europe’s economy to grow next year, according to June’s Bank of America Merrill Lynch European Fund Manager Survey.
This week's Fund Strategy cover story
The dangers of the hunt for yield
The squeeze on yields has led to warnings of a bond bubble and fund managers are being forced to decide between holding cash and increasing portfolio volatility. Tomas Hirst reports
Blogs
Cazenove’s Le Jehan: Changing correlations, safe havens and portfolio hedges
The pullback in markets over the last few weeks was perhaps not unexpected but has highlighted a different trend to similar episodes in recent years – something that we’ve been discussing over the last few months, but appears to have caught some investors by surprise.
Philippa Gee: Quick-fix centralised investment processes could hurt everyone
It would be fair to say that centralised investment processes are receiving a fair amount of attention at the moment, from advisers, press and the regulator.
Leader: The risky pursuit of high-yield income
The good old hunt for income. It has been a perennial investment theme in the past several years and with good reason too.
M&G’s Vaight: Why I’m taking another look at China, Korea and Brazil
There is negative sentiment towards larger markets such as China, Korea and Brazil, but we believe investors’ concerns have been over-discounted.
Chris Gilchrist: Perhaps the market just isn’t efficient
In a recent column I outlined three types of response to the 2008 crash. Perceptive readers have noticed that I missed one out.
SVM’s Lawson: It’s all about the management
We have always stressed the importance of cashflow in our stockpicking at SVM, as it gives companies the great optionality to generate shareholder value. But equally key is the management team in place to use this cashflow.
Emma Simon: Unregulated investments will continue to trouble the industry
Unregulated investment schemes will continue to be a blight on the industry despite the FCA’s attempts to crack down
Lazard’s Ryan: Where to invest when inflation is rising
Central banks around the world are engaged in unconventional monetary policy on a massive scale. The end result of this is unclear.
IMA’s Morley-Smith: Europe needs to look beyond the FTT
Two weeks ago the press reported an apparent breakdown in the discussions between governments in the EU Council, and a subsequent large-scale watering down of the financial transaction tax proposals. I believe these reports are premature and there is no consensus on watering down.
City’s Coghill: FCA gets tough on conflicts of interest
The regulator returned to the issue of conflicts of interest last month, with a hefty fine and a ban for a non-executive director who failed to disclose a potential conflict between her directorships and consultancy business.
