(Reuters) – Artemis Investment Management LLP said on Tuesday it had named Nick Shenton and Andy Marsh partners, effective immediately. Shenton, who joined the investment firm in 2012, has more than 16…
Tag: Finance
Jeff Vinik offers fee cuts to help bring in cash for new fund
NEW YORK (Reuters) – Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially thought, as…
New York fund manager pleads guilty to Belize airport scam
NEW YORK (Reuters) – A New York investment manager pleaded guilty on Wednesday to running a $21.9 million fraud in which he falsely told dozens of investors their money was being used…
Union Investment to buy 16,000 German apartments from Chinese firm: sources
FRANKFURT (Reuters) – German fund manager Union Investment is nearing a deal to buy about 16,000 German flats for roughly 2 billion euros ($2.3 billion) from a Chinese investor, people close to…
‘Socially Conscious’ mutual fund launches at record high
LONDON (Reuters) – A record number of ‘socially conscious’ mutual funds and exchange-traded funds were launched by asset managers last year, keen to tap growing demand from retail investors. A total of…
Social Security expansion to get serious hearing in U.S. House
CHICAGO (Reuters) – The idea that Social Security benefits should be expanded – not cut – is going mainstream. FILE PHOTO: Rep. Richard Neal (D-MA), (L) and Rep. John Larson (D-CT) speak…
Working to 70 is not an easy fix to the retirement crisis
CHICAGO (Reuters) – It may seem a simple solution to the brewing U.S. retirement crisis: Get people to work until 70 before retiring and 85 percent will have the money they need…
Britain proposes tougher and greener code for asset managers
LONDON (Reuters) – Asset managers in Britain should spell out in greater detail how they picked sustainable investments that benefit clients, society and the environment, regulators proposed on Wednesday. FILE PHOTO: People…
Sometimes movie producers really do start in the mailroom
NEW YORK(Reuters) – Actors are widely recognized at events like the Academy Awards, coming up next on Feb. 24, but producers – who work behind the scenes to get movies made –…
Janus Henderson closes Australian equities funds worth $352 million
SYDNEY (Reuters) – Fund manager Janus Henderson is closing down its three Australian equities funds due to tough fund-raising conditions, and will return nearly A$490 million ($352.65 million) to investors, a company…