M&G hires thematic equity investment managers
Savings and investments firm M&G plc announced the appointment of two US-based thematic equity investment managers to develop the firm’s equity investment and research capabilities…
January 2023
UK pension schemes in £400bn improvement says XPS
UK pension schemes’ funding positions improved by £400 billion over the year to December 20, 2022, equating to around 20% on a long-term target basis,…
Active stock fund flows beat passive – Calastone
The latest Fund Flow Index (FFI) report from global funds network Calastone revealed a “bad year for passive equity funds” as index funds fared worse…
Capricorn rejects attempts to block NewMed merger
Edinburgh-based Capricorn Energy on Thursday rejected a proposal by its third-biggest shareholder Palliser Capital to scrap the Scottish firm’s proposed merger with Israel’s NewMed Energy. Several…
Fund manager sought for £150m Scots investment fund
The British Business Bank is inviting proposals from fund managers to operate the new £150 million Investment Fund for Scotland. The bank said it expects…
BlackRock, M&G halt property fund withdrawals
BlackRock and M&G are suspending redemptions from UK property funds managing around £8 billion of assets as some investors seek to exit the UK real estate market….
Small firms shun listing as funds reject UK shares
Small and micro-cap listed companies are increasingly re-assessing whether the listed market is the right venue to grow, according to a new report on mergers…
FTSE 100 pensions have £130bn surplus says LCP
New analysis of FTSE 100 pension positions by occupational pensions consultancy LCP (Lane Clark & Peacock) shows that the combined estimated IAS19 surplus — the…
Legal & General Capital bets £5bn on alternative assets
Legal & General Capital announced that it committed around £5 billion towards “levelling up” the UK’s towns and cities across 2022, driving regional economic growth,…
Ex-Abrdn exec Tiller, 56, dies walking in Lake District
Wealth management firm Quilter plc announced “with great sadness” the death of its commercial and propositions director David Tiller at the age of 56. Tiller…
Pension buy-ins and buy-outs to exceed £44bn – LCP
Occupational pensions consultancy LCP (Lane Clark & Peacock) has predicted that 2023 will be a record breaking one in the de-risking market, with record volumes of…
Home REIT suspends shares amid audit delay
Home REIT plc, which invests in accommodation for homeless people across the UK, has announced a temporary suspension to the listing of the company’s ordinary shares….
Abrdn: ‘more pain in 2023 but M&A to support shares’
The “full pain” of the conditions that roiled global markets in 2022 will only be felt in 2023, with significantly slower GDP growth, while in…