Investment
Hargreaves Lansdown CEO to step down, assets exceed £60bn
Hargreaves Lansdown said its chief executive Ian Gorham is to step down by the end of September 2017, as the FTSE 100 quoted UK platform announced its assets under administration had grown 12% to £61.7bn over the year to 30 June.
Nedgroup rolls out global property Ucits fund
South Africa’s Nedgroup Investments has launched a global property fund, managed by Sydney-based real estate securities specialist Resolution Capital.
BlackRock launches Asia absolute return fund
BlackRock has launched the Strategic Funds Asia Pacific Absolute Return Fund, which will aim to exploit the region’s “under-appreciated areas of strength.”
Improving Chinese economy should keep EM calm – Kames
An improving Chinese economy should keep emerging markets calm and means that emerging nations are better placed to absorb a tightening of rates in the United States, according to Scott Jamieson, head of multi-asset at Kames Capital.
Ashmore optimistic despite AUM slide
Emerging markets specialist fund manager Ashmore has reported a $6.3bn (£4.7bn, €5.6bn) fall in assets under management and an 18% decline in net revenues.