Tom Aylott

London

Features Editor at Mark Allen Group

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Articles

Fidelity appoints global CIO of fixed income

1 week ago | portfolio-adviser.com | Tom Aylott

Fidelity has appointed Marion Le Morhedec as its new global chief investment officer for fixed income, replacing Steve Ellis (pictured) who left the role in March after 13 years at the firm to take a career break. Le Morhedec joined the firm in September after spending almost two decades at AXA Investment Managers, the last three years of which she spent as its head of global fixed income.
UK GDP falls 0.3% in April

2 weeks ago | portfolio-adviser.com | Tom Aylott

The UK’s gross domestic product (GDP) fell 0.3% in April, dropping further than the 0.1% decline anticipated by economists. It follows a three-month period in which GDP beat expectations. The surprise 0.7% uptick at the start of the year was welcomed by investors, yet many foresaw a slowdown ahead.
CCLA: Three quarters of companies meeting bare minimum in anti-slavery standards

1 month ago | portfolio-adviser.com | Tom Aylott

The 100 largest global companies operating in the UK have slacked in their efforts to address slavery in their supply chains, according to a new global benchmark by investment manager CCLA. Global companies scored on average 30 out of a potential 62 points in the first Global Modern Slavery Benchmark ratings – this compares to UK companies scoring an average of 36 last year.
Asset managers lose £1bn in Q1 despite 54% reporting net gains

1 month ago | portfolio-adviser.com | Tom Aylott

Over half (54%) of fund groups in the UK reported positive net sales in the first quarter, yet fell £1bn throughout the period overall, according to the latest Pridham Report. However, EMEA Research Leader at ISS MI Benjamin Reed-Hurwitz said the loss “was negligible compared to the total money deployed in markets”.
High GDP growth exceeds expectations, but experts warn of slowdown

1 month ago | portfolio-adviser.com | Tom Aylott

The UK economy did better than many had anticipated in the first quarter with gross domestic product (GDP) growing 0.7% throughout the three-month period. This was a welcome rise following no growth in the third quarter of 2024 and a small uptick of 0.1% at the final three months of the year. Many market analysts were expecting much of the same for the beginning of this year as the UK economy felt the impact of Chancellor Rachel Reeve’s Autumn Budget, but this was not the case.
UK unemployment rises to 4.5%

1 month ago | portfolio-adviser.com | Tom Aylott

Unemployment in the UK has risen to 4.5% after having hovered at 4.4% since November last year, according to the latest findings by the Office for National Statistics (ONS). The increase occurred after a 53,000 drop in the number of payrolled employees in the quarter. Job vacancies fell in tandem by 42,000 to 761,000 throughout the first three months of the year.
Morningstar: M&A is not the magic bullet asset managers think it is

1 month 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.
ii: Money market fund purchases up 77% in April as investors flock to safety

1 month 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.
Warren Buffett to retire from Berkshire Hathaway

1 month 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.
BlackRock: 70% of wealth investors to hold up to a fifth in private assets by 2030

1 month 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.