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Graham Bentley: The issue at the heart of FCA’s Asset Management Study

A key consideration for the FCA is not whether active management is generally effective, argues Graham Bentley, but whether it is actually being performed at all – and to what extent it provides value for money

FCA’s Butler: Diversity is fundamental to business success and reduces failure

Executive director of supervision for wholesale and specialist investment at the Financial Conduct Authority (FCA) Megan Butler has warned firms the current pace of change on gender diversity “must not just be a flash in the pan”,...

Chancellor unveils cryptoassets task force

A cryptoassets task force has been established by the Treasury, the Bank of England and the Financial Conduct Authority (FCA) to “further explore risks associated with cryptoassets and the benefits of the underlying technology”...

BoE maintains interest rates at 0.5%; Two members vote for hike

The Bank of England’s Monetary Policy Committee (MPC) has voted to hold interest rates at their current level of 0.5%, although two members voted to hike rates by 25bps.

Pictet seeks to exploit volatility with unconstrained fixed income launch

Pictet Asset Management has launched a global unconstrained fixed income fund in efforts to generate returns by exploiting market volatility.

Woodford Equity Income kicked out of IA sector

Neil Woodford’s Equity Income fund has been removed from the Investment Association’s (IA) UK equity income sector having failed to meet the trade body’s yield requirements.

PIMCO hires UN responsible investment leader for ESG role

PIMCO has hired co-founder of the United Nations (UN) Principles of Responsible Investment (PRI) Gavin Power as executive vice president and chief, international affairs and sustainable development, as the firm works to build out its ESG investment...

Mobius kicks off recruitment drive for new firm

Emerging markets investment veteran Mark Mobius has officially begun hiring for his new firm Mobius Capital Partners, just months after his departure from Franklin Templeton in January.

John Glencross: Don’t mourn death of asset-backed EIS schemes

The US is usually seen as offering the global benchmark for innovation but, as John Glencross illustrates, the UK is now trumping the world’s largest economy on several counts.

ESMA chief: We need ‘concrete evidence’ on whether PRIIPs ‘flaws’ are real

Steven Maijoor, chair of pan-European regulator ESMA, has downplayed industry concerns about the ‘flawed’ methodology for disclosing transaction costs under new PRIIPs rules, adding negative figures “should be extremely rare”....