Amundi hit its highest level of assets under management in the firm’s history in the opening months of 2024, reaching €2.1trn, partly owed to the early completion of its Alpha Associates acquisition and partnership with US manager Victory Capital.
Former Odey Asset Management partner James Kostoris has left Lancaster Investment Management just five months after joining the firm.
The Smithson investment trust has survived its continuation vote, but not without some shareholder dissent and opposition to the re-election of chair Diana Dyer Bartlett and other board members.
The Financial Conduct Authority issued just under 600 alerts to unauthorised firms and individuals over problematic advertisements as its tighter financial promotion rules came into effect.
The global economy continues to display remarkable resilience, with the US economy full steam ahead so far in 2024.
Close Brothers Asset Management has poached another senior investment director from Investec Wealth & Investment.
JPMorgan Emerging Europe, Middle East and Africa Securities (JEMA), formerly JP Morgan Russian Securities, has had a range of assets frozen due to a case being brought by Russian bank VTB over alleged debts.
Managers have expressed confidence in the performance of sterling and its future potential, but the uncertainty surrounding the UK and global economies, as well as the upcoming general election, could pose headwinds to the asset’s performance.
Momentum Global Investment Management has opened up its restricted Momentum Passive Plus managed portfolio service (MPS) to a wider group of UK financial advisers.