At the latest Federal Reserve meeting yesterday, US officials moved to keep rates steady at 0.25% and to maintain the pace of its quantitative easing programme but signalled to markets that hikes to interest rates would come into effect from March onwards.
US GDP grew at 5.7% last year, its fastest rate since 1984, despite two new virus variants emerging in 2021.
WCM Partners, the new investment company run by disgraced fund manager Neil Woodford, has issued a ‘termination of appointment’ notice of director Gavin Christopher Petken, the only registered officer who had not worked with the manager at Woodford Investment Management.
Justin Onuekwusi has been appointed head of retail investments, EMEA at Legal and General Investment Management as the firm looks to evolve its proposition.
Senior executives at private companies with average valuations of more than $500m are prioritising growth over profits in 2022, according to a recent survey of 200 executives carried out by Numis.
Most wholesale investors across the UK and Europe plan to shift capital to environmental, social and governance offerings, as well as emerging markets funds, according to research by RBC Asset Management.
Juliet Schooling Latter, research director at FundCalibre, dives into fixed income
Closed-ended digital infrastructure specialist, Digital 9, has raised £95.2m in its latest fundraising round to acquire new assets.
St James’s Place managing director Ian Gascoigne is retiring from the board on 31 March, after more than 30 years as an executive at the wealth manager.
The Federal Reserve signalled a rate hike will “soon be appropriate” last night while holding rates and confirmed its quantitative easing programme will end in March.