Latest News - Vicky Ge Huang
Bill Gross pulls $600m from his former Janus fund
Bond veteran's former strategy sheds assets following withdrawal.
Managers of $28bn fund to exit in major BlackRock shake-up
BlackRock has reshuffled senior management on a number of teams and plans to change the PM line-up on one of its biggest active fund, according to memos seen by Citywire.
Janus Henderson veteran Stephen Peak to retire
Peak, who joined Henderson back in 1992, is retiring in a reshuffle on Janus Henderson's European equity desk.
Jacob Rees-Mogg's boutique loses $225m US mandate
Somerset Capital Management has lost a $225.2 million (£172 million) mandate with Brown Advisory.
Fee pressure slashes asset manager margins to 2009 low
Global asset managers lost $29 billion (£22 billion) in unrealised profits as their operating margins shrank to 29% in 2018 from a post-financial crisis high of 34% in 2015, according to Casey Quirk estimates.
Vanguard founder and index fund innovator Jack Bogle dies
The godfather of indexing has passed away at age 89
JP Morgan Private Bank names new manager selection head
This will also see appointment of new heads of equity and fixed income research.
FTSE hits six month low as it joins other world indices in sell-off
The fall in the index comes after reaching a record high of 7,877 in May, and a dramatic sell off in other world indices yesterday.
Tesla shares plunge as Elon Musk is charged with fraud
The US watchdog has charged Musk with fraud after he posted a series of Tweets in August about potentially taking the electric car maker private.
Marathon AM wins blockbuster $21bn mandate
London-based Marathon Asset Management has landed a hefty mandate after Harbor Funds dropped Northern Cross as subadvisor of its International fund.
Why are firms failing on Mifid II reporting?
Following on from Bovill's research finding widespread failings in Mifid II reporting, we asked compliance experts why firms were struggling with the new rules.
What Quilter/Lighthouse tells us about consolidation wave
Since the beginning of this year at least 14 deals have been announced but how do valuations in the financial advice and wealth management sector look like?
Why are so many wealth managers desperate to pack it in?
Increased regulation, Brexit, short-termism - with so many pressures piling up, it comes as no surprise wealth manager job satisfaction is on the decline.