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Wealth Management

Former Marshall Wace partner to run hedge fund for GAM

15:46 | 19 Nov 2008 | By Dylan Lobo

GAM is to launch a hedge fund for former Marshall Wace partner Mark Hawtin.

Fund groups cut back on sales teams

13:46 | 19 Nov 2008 | By Sara Smith, Dylan Lobo

The difficult economic environment has forced Rathbones Unit Trust Management to cut numbers in its sales team, while Fidelity International is rumoured to be on the verge of laying off a number of people in its sales force.

Seven Dials plans UK property launch

13:38 | 19 Nov 2008 | By David Campbell

Property fund and discretionary wealth manager Seven Dials is canvassing private client investors and advisers about the launch of a new UK bricks and mortar mandate.

Scottish Investment trust calls time on defensives and reveals top stock picks

13:32 | 19 Nov 2008 | By David Campbell

The Scottish Investment trust has said it is to begin moving its portfolio from its defensive position into more cyclical and market sensitive stocks.

Historic 'Bell Lawrie' name to disappear

13:29 | 19 Nov 2008 | By Charlie Parker

Brewin Dolphin is finally dropping the name of its Scottish division Bell Lawrie, which can trace its origins back to the 19th century.

Collins Stewart suffers furthur decline in revenue

12:22 | 19 Nov 2008 | By Dylan Lobo

Collins Stewart says its wealth management business continues to be profitable despite a further sharp declines in revenues across the group.

Ernst & Young loses private client head

10:58 | 19 Nov 2008 | By Dylan Lobo

Ernst & Young private client head Ian Woodhouse has left the firm.

Lloyds private bank hands Julius Baer bumper mandate

10:27 | 19 Nov 2008 | By Dylan Lobo

Lloyds TSB private bank has handed Julius Baer a £300 million absolute return mandate.

Peter Webb buys 5% stake in AIM-listed financial services firm

13:37 | 18 Nov 2008 | By Dylan Lobo

Former Unicorn chief exectutive Peter Webb has taken a 5% stake in AIM-listed financial services group DowGate Capital.

Investors' mindset shifted to wealth preservation, says Skandia's MacLeod

11:29 | 18 Nov 2008 | By Sara Smith

The financial industry is entering a new era which will see the rise of the financial adviser coupled with the death of complicated vehicles, says Skandia Investment's Jamie MacLeod.

Arch administrator reports on nine Cru ‘cells’

09:30 | 18 Nov 2008 | By Daniel Grote

Audited reports for some of the funds behind the Cru Investment Portfolio have been filed to the Channel Islands Stock Exchange.

Charles Stanley private client arm weathers credit crisis

09:17 | 18 Nov 2008 | By Dylan Lobo

Assets under management and profits at Charles Stanley have suffered in the difficult market conditions, but its private client division continues to stand firm.

Bestinvest announces two senior management hires

08:51 | 18 Nov 2008 | By Richard Harris

Mike Neumann returns to the company as investment management director, while Gordon Hull will assume responsibility for execution-only, advisory and business relationships as head of distribution.

Financial crisis exposes flaws in private client risk measures

08:01 | 18 Nov 2008 | By Dylan Lobo

Private client asset managers must address the deficiencies in their client risk models exposed by the credit crisis or they could face legal action, warns wealth management solutions firm Odyssey Financial Technologies.

The Daily Interview: Rensburg's Hall begins building consumer stake

10:40 | 17 Nov 2008 | By David Campbell

Mark Hall of the Rensburg UK Select Growth and UK Managers Focus funds has started building stakes in consumer facing stocks he expects will gain from global interest rate cuts.

Barclays Wealth hires Hendry for Scottish growth plans

10:12 | 17 Nov 2008 | By Dylan Lobo

Barclays Wealth has strengthened its financial planning unit in north east Scotland with the hire of Bruce Hendry.

SLI Equity Income trust posts one third fall in assets

14:16 | 14 Nov 2008 | By David Campbell

The Standard Life Equity Income trust saw its total assets fall almost a third over the year to the September 2008, falling from £145.7 million to £99.9 million.  

Newton Global Income to drop yield target

11:47 | 14 Nov 2008 | By David Campbell

Citywire AA-rated manager James Harries has torn up and replaced the investment criteria on his Newton Global Higher Income fund in order to widen his stock universe.

RAB closes three retail funds in strategic overhaul

10:05 | 14 Nov 2008 | By Dylan Lobo

Shares in RAB Capital surge 20% on its plans to close three funds in its retail operation as part of a widespread overhaul of its business which will see a significant reduction in its product range.

Standard Life Wealth hires 7IM's Mann for London push

13:56 | 13 Nov 2008 | By Dylan Lobo

Standard Life Wealth chief executive Richard Charnock (pictured) has hired 7IM's Sarah Mann to help grow the firm's London operation.  

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