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3 weeks ago | 
citywire.com | Zachariah Sharif
Socially-conscious investment firm Tribe Impact Capital has bought multi-asset fund Snowball Impact Management. The deal, for 100% of Snowball, will enable Tribe to benefit from the fund’s strong presence in private markets. The wealth firm already spans both public and private markets, and hopes to deliver a comprehensive offering ‘to meet accelerating demand’.
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1 month ago | 
citywire.com | Zachariah Sharif
Scottish Widows will launch an open architecture long-term asset fund (LTAF) later this year, pending FCA approval.
It has appointed Carne Group as an alternative investment fund manager, with Aberdeen Investments and BNP Paribas Asset Management as the initial managers of growth and credit sub-funds.
The firm hopes this open architecture approach will ‘future-proof’ the LTAF, which will enable access to a spectrum of private market investments. Already have an account?
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1 month ago | 
citywire.com | Himanshu Singh |Natalia Vasnier |Zachariah Sharif |Dylan Lobo
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1 month ago | 
citywire.com | Natalia Vasnier |Zachariah Sharif
Brooks Macdonald is likely to be a ‘very attractive’ takeover candidate, according to Ken Wotton, managing director of public equity at Gresham House. On the latest episode of Citywire’s The Wealth Show, Wotton affirmed his belief that UK wealth firms are significantly undervalued and, after Trump’s tariffs, he topped up his Brooks holding in the £756m WS Gresham House UK Multi Cap Income Fund.
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1 month ago | 
citywire.com | Sophie Downes |Himanshu Singh |Nour Azhar |Zachariah Sharif
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1 month ago | 
citywire.com | John Schaffer |Zachariah Sharif |Dylan Lobo
Nikhil Rathi has been reappointed as CEO of the FCA for a second term.
The Treasury, which decides who runs the regulator, announced the decision this morning.
Rathi has been CEO since October 2020. Under his watch the FCA has introduced consumer duty. Already have an account? Do you personally advise on or manage investments for clients?
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2 months ago | 
citywire.com | Dylan Lobo |Ian Heath |Sophie Downes |Zachariah Sharif
Janus Henderson Investors (JHI) has launched a new Ucits active ETF for non-US investors investing in the high-quality collateralised loan obligation (CLO) market.
The Janus Henderson Tabula USD AAA CLO Ucits ETF (JAAA LN) will primarily invest in USD-denominated, Ucits-eligible AAA-rated CLOs, while also including EUR AAA-rated CLOs, with currency exposure hedged back to USD.
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2 months ago | 
citywire.com | Sophie Downes |Dylan Lobo |Ian Heath |Zachariah Sharif
7IM chief investment officer Martyn Surguy is to leave the business later this year, Citywire can reveal.
A spokesperson for the wealth firm confirmed Surguy (pictured) would remain with the firm over the coming months, working closely with deputy CIO Matthew Yeates to ensure a smooth transition.
Surguy’s departure comes amid a strategic review launched by 7IM following its acquisition by Ontario Teachers at the start of last year. Already have an account?
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2 months ago | 
citywire.com | John Schaffer |Sophie Downes |Zachariah Sharif |Joe Stonor
Troy Asset Management has promoted Charlotte Yonge to co-manage its flagship strategy.
Yonge will now be jointly responsible for Troy’s multi-asset mandate, which includes the firm’s flagship £5.1bn Trojan fund, as well as its £1.6bn Personal Assets Trust (PNL).
She will continue to work alongside Troy’s 57-year-old founder and chief investment officer, Sebastian Lyon, on the all-weather funds. Already have an account? Which of the following best describes your role?
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2 months ago | 
citywire.com | John Schaffer |Joe Stonor |Zachariah Sharif |Julian Bovill
Phoenix Group has scrapped a £36m plan to migrate around 2.5 million ReAssure pension customers onto the Diligenta platform.
The parent company of Standard Life had planned a move to a new outsourced arrangement with Tata Consultancy Services (TCS)-owned Diligenta, but the group has now dropped those plans opting for Indian technology giant Wipro instead.
