First State Investments’ UK funds make their own Brexit
Asset manager joins its peers in shifting EU assets in its UK funds to Ireland ahead of Brexit
Brexit
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UK manages more than a third of European AUM
As Brexit looms, the Investment Association has called for a deal that protects UK asset managers
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Brexit downturn could slow global growth
Investor consensus pegs recession for Q1 2020
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59% of asset managers ‘preparing for hard Brexit’
As hopes for deal hang in balance an increasing number of firms are drawing up plans for cliff-edge exit
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EU firms passporting to run till 2022 in event of no-deal
Backstop plan proposes that in the event of no Brexit transition period passporting rules will continue for further three years
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UK regulator tells firms to prep for ‘no deal’ Brexit
Britain’s Financial Conduct Authority (FCA) has told regulated firms in the country to prepare for the UK to crash out of the European Union with a “no deal” Brexit.
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The great migration
Most global asset managers with London operations have begun revising their distribution strategies to ensure continued access to the EU as Brexit looms. But where are they are going?
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Investment firms look to Nordics for growth
Polar Capital follows PineBridge and Hermes in establishing business development operations into the region.
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Industry ramps up relocation plans as Brexit nears
Luxembourg and Ireland top jurisdictions set to benefit from asset managers shifting operations to new locations over the next five years, according to State Street survey.
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M&G shifts €39bn to Luxembourg as Brexit looms
M&G Investments is planning to transfer €39.1bn (£34.2bn) worth of non-sterling UK assets to Luxembourg to hedge against possible risk ahead of Britain’s exit from the European Union.
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LGIM gets green light for Brexit plans
Legal & General Investment Management (LGIM) has got the green light for its Brexit plans for European Union clients from the Irish regulator.
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Columbia Threadneedle to move EU client assets ahead of Brexit
Columbia Threadneedle Investments has launched 13 Sicav versions of Oeics ahead of the UK’s exit from the European Union as the asset manager prepares to switch EU-based investors out of its UK-domiciled range into Luxembourg-domiciled alternatives.