Buy the sellside, sell the buyside, watch for a bounce in Wall Street and a bounce away from London by institutions
4 min read
Never mind what the UK government wants in negotiations, the European Union has some major needs
4 min read
Why financial inequality is growing and politicians don’t know what to do to address it
5 min read
Banks’ compliance functions are striving for Goal Zero.
6 min read
Dear President-elect, I know you’re a believer in unsolicited advice, even though you may have been a bit disappointed by the response to your imaginative suggestion that Nigel Farage would make a good UK ambassador.
2 min read
Ten years have passed since Edinburgh-based data provider Blacket Research went into liquidation shortly after suggesting the advice given to pension schemes by investment consultants defied analysis, failed to add value and, quite possibly, both.
5 min read
The biggest surprise was perhaps not Donald Trump’s stunning victory but the markets’ reaction. A shrug. After an initial wobble in Asia, US and European equities rose.
4 min read
When thinking about the challenges facing pension schemes over the next six months, my first thought was “more of the same”. That sounds rather low key but the past six to 12 months have been anything but for the pensions sector.
3 min read
In the 1949 Ealing comedy Passport to Pimlico, residents of the London district are declared foreign nationals and subjected to border controls. Now some senior City figures are dreaming of a sequel (maybe Visa for Victoria?) in which London declares independence from the rest of the UK, at least in terms of immigration.
2 min read
The indignity heaped on Deutsche Bank last week was sad to watch.
2 min read
And so, it has come pass. In reaction to the headwinds blowing across the asset management sector, London-based Henderson Group and Janus Capital of Denver have agreed to merge.
3 min read
Is German Chancellor Angela Merkel secretly working for a hedge fund on the side?
Dark pool operators take note: the FCA is watching you. But its in-depth approach is reassuring.
Unlikely as it seems, the Italian post office is shaping up as a potential buyer of Pioneer Investments, which has been put up for sale by banking group UniCredit as part of a renewed bid to boost its reserves.
Time and again in the long history of the City of London it has somehow defied those who seek to plan its future too carefully or predict its demise. It is as though there is something inherently unruly and free-form about the place, some mysterious quality in the ancient patch of earth that is the Square Mile that insulates it from excessive micromanagement and prescription. The City so often goes its own way.
The decision by Scandinavian fund manager Nordea Asset Management to turn new investors away from its blockbuster €19 billion multi-asset fund, following a period of breakneck growth, is a welcome one for investors. Arguably it's a step some other fund managers might want to take.
4 min read
The financial industry loves a good acronym or a bit of jargon. But in the case of green and ethical investing it’s particularly unhelpful.
1 min read
The City’s destination after Brexit may be very uncertain, but there have been a few widespread assumptions about the route.
5 min read
What is the City’s position on Brexit? Critics are right to suggest that it is very far from clear.
5 min read
Banca Monte dei Paschi di Siena was always going to be the villain of the European stress-test show, but other banks did get unwelcome supporting roles.
2 min read