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1 week ago | 
portfolio-adviser.com | Tom Aylott
Consolidation has been increasingly utilised by European asset managers to up their scale and bolster growth in recent years, but it may not be the miracle cure firms had hoped for, according to a new report by Morningstar. In many of the cases it examined, the integration challenges often outweighed the benefits.
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1 week ago | 
portfolio-adviser.com | Tom Aylott
Money market fund purchases leapt 77% in the first half of April on interactive investor’s (ii) platform as investors fled volatile markets following Trump’s tariff announcements. Royal London Short Term Money Market was the most sought after active fund throughout the month as investors looked to de-risk their portfolios, with Vanguard Sterling Short-Term Money Markets, L&G Cash Trust, and Fidelity Cash also among the top 10.
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1 week ago | 
portfolio-adviser.com | Tom Aylott
Warren Buffett will retire as chief executive of Berkshire Hathaway at the end of 2025 after 60 years leading the company. The 94-year-old made the announcement at the firm’s annual general meeting (AGM) over the weekend, naming vice-chair Greg Abel as his successor. Neither Abel, or any of the Berkshire Hathaway board, knew that Buffett was going to make the announcement.
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2 weeks ago | 
fundselectorasia.com | Tom Aylott
Over 70% of wealth investors intend to allocate between 5-20% of their portfolios to private markets over the next five years, according to a recent survey by BlackRock. This is a sizable leap from the two-thirds of wealth investors who have under 5% of their portfolios in private equity currently.
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2 weeks ago | 
portfolio-adviser.com | Tom Aylott
Over 70% of wealth investors intend to allocate between 5-20% of their portfolios to private markets over the next five years, according to a recent survey by BlackRock. This is a sizable leap from the two-thirds of wealth investors who have under 5% of their portfolios in private equity currently.
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3 weeks ago | 
portfolio-adviser.com | Tom Aylott
Sustainable funds suffered their worst outflow on record in the first quarter as investors globally withdrew a record-breaking $8.6bn throughout the period, according to Morningstar Sustainalytics. It unravelled the optimism injected in the previous quarter when inflows of $18.1bn signalled glimmers of hope for the sector. Much of this year’s outflows came from US investors, who withdrew $6.1bn – it’s 10th consecutive quarter of divestment.
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3 weeks ago | 
portfolio-adviser.com | Tom Aylott
Evelyn Partners has appointed former Paddy Power Betfair CFO Alex Gersh (pictured) as its new chief financial officer. He will take on the position at the end of April following the departure of Andrew Baddeley in March, who left to join accountancy firm S&W. Gersh has held CFO positions at multiple other firms across different sectors, including overseeing the merger between Betfair and Paddy Power from 2016 to 2018.
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1 month ago | 
portfolio-adviser.com | Tom Aylott
Markets have been in dismay following Donald Trump’s sweeping tariff announcements, with the S&P 500 dropping 12.1% in the week after. A 90-day pause on enforcing higher tariff rates saw the US index recover 9.5% on Wednesday, but the brash trade policy is set to create uncertainty for months to come. Many investors are therefore looking to make their portfolios more resilient, especially considering how large of an allocation the US has become to most.
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1 month ago | 
portfolio-adviser.com | Tom Aylott
Retail investors removed £563m from funds in February as Donald Trump’s volatile tariff policies loomed, according to the Investment Association (IA). It was a de-escalation from the £3bn of outflows the month prior. The vast majority of February’s outflows came from equity funds, which lost £1.6bn over the period.
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1 month ago | 
portfolio-adviser.com | Tom Aylott
Economic growth forecasts for the UK in 2025 have been halved from 2% to 1% at the chancellor’s Spring Statement today (26 Mar). In what was called an “Emergency Budget” by the opposition, inflation expectations were also raised from 2.6% to 3.2% for this year compared to initial estimates made at Rachel Reeves’ Autumn Budget in October.
