Perpetual Limited (Perpetual) today announced the appointment of Michael Gordon as Group Executive Perpetual Investments. Michael will lead the end-to-end business of Perpetual Investments, which includes product, distribution, operations and the investment management team with $23.6 billion in funds under management. Perpetual CEO Geoff Lloyd said “We
Read more →Former Legal & General chief executive Tim Breedon is set to join the board of Barclays as a non-executive director. Breedon was CEO at L&G from January 2006 to June 2012, having previously been group director (investments) since January 2002. Breedon will start the role on 1
Read more →Legal & General Investment Management has appointed Simon Thompson as chief operating officer. Thompson joined LGIM in 2011 as head of product strategy and development. Prior to this he was a partner and the chief operating officer of Millgate Capital. He will report to chief executive officer
Read more →Less than four months after taking over as chief financial officer at Man Group, Jonathan Sorrell purchased 304,878 shares in the company at a price of 82 pence each on the 13th September. Following the transaction, shares in Man Group rose 4.5 % to 85.90 pence by 10am
Read more →Acquisitions in the Self-managed super fund (SMSF) space are proving commonplace as businesses attempt to build client bases during the current market conditions, with SuperIQ previously expressing a desire for growth. In the latest wave of consolidation in the space, SMSF provider SuperIQ has acquired former Perpetual
Read more →The IMA has reshuffled its board, swapping senior representatives from Newton, Lazard and Aviva Investors for others from Fidelity, LGIM, Henderson and Aberdeen. Hugh Mullan, UK managing director at Fidelity, who this week was named responsible for Fidelity FundsNetwork following the departure of David White, is one
Read more →News of Bestinvest’s list of ‘dog funds’ carried by mainstream media on the 23rd July sparked a widespread response and sharing through social media. The Bestinvest’s list highlights funds that have underperformed their benchmark by 10% or more cumulatively over the last three years. Major fund groups Scottish
Read more →Man Group’s first half of 2012 results showed a fall in funds under management of close to 10% as it reported a $5.7bn drop from its position at the end of last year. Chief executive Peter Clarke added: “Against a turbulent market and economic background, Man’s funds
Read more →Two-fifths of IFAs have backed emerging markets as the most-likely best performing geography in the short term, according to Legal & General Investments. The ‘What Matters Investment index’ saw 40 per cent of IFAs backing emerging market as the best performer, while 18 per cent thought the
Read more →Credit Suisse asset management (CSAM) saw pre-tax income fall 37% to CHF133m in Q2, compared to the same period last year, despite realising gains from the partial sale of its stake in Aberdeen Asset Management. The department also saw CHF400m of inflows into alternative investments in emerging
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