UK asset managers fear poor Brexit deal
Most UK fund managers fear the government has no idea what the asset management industry needs from Brexit to secure a good deal, according to research by consultancy MJ Hudson.
Brexit
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M&G shifts four funds to Luxembourg over Brexit fears
M&G is transferring four UK-domiciled open-ended funds to its Luxembourg platform over fear and uncertainty surrounding the UK’s exit from the European Union.
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ANALYSIS: Brexit one year on
It has now been a year since the UK electorate made, as a British fund manager put it recently, “a huge strategic error of the like the country hasn’t experienced in maybe a century” by voting for Brexit.
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ANALYSIS: What to watch out for as Brexit negotiations begin
“Positive and constructive” was how the UK’s Brexit secretary David Davis described his mood as he kicked off negotiations with the EU on Monday morning.
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Standard Life sets sight on Dublin for EU hub
Edinburgh-headquartered Standard Life is expected to choose Dublin as the centre for its European Union operations after the UK government completes the two years of Brexit negotiations.
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Quarter of asset managers ‘moving staff because of Brexit’
A quarter of the asset management businesses monitored by accounting giant EY have now announced plans to move operations to Europe due to Brexit.
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Specialisation is key to finding alpha, says fund selector
Only being a specialist in one specific area will give absolute return fund managers the edge to extract alpha, believes Lucas Strojny, head of fund selection at Advenis Investment Managers in Paris. And there is one such specialised fund the Frenchman particularly likes.
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ANALYSIS: Markets shrug off May’s Article 50 notification – are they right?
Theresa May is picking an early fight with EU leaders in her letter in which she formally announced the start of the UK’s Brexit process. Bond, equity and currency markets hardly responded. But perhaps they should have.
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Give Brits the option to remain European citizens post-Brexit, says Verhofstadt
Article 50 has now been triggered, and the UK will leave the European Union in two years time. But Brexit shouldn’t result in UK citizens losing their European citizenship against their will, said the European Parliament’s chief Brexit negotiator Guy Verhofstadt.
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Asset managers expect hit to profits; consider move into passive
A group of asset managers surveyed by Expert Investor unanimously agreed that the industry will become less profitable over the next three years.
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‘Brexometer’ stormy as global executives forecast fall in profits
Law firm Hogan Lovells found that two thirds of respondents in its ‘Brexometer’ survey believe Brexit will reduce their profitability over the next five years.
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How low can sterling go?
Sterling took another pounding on Tuesday morning after the UK Parliament approved the Article 50 bill – but with at least two years of negotiations ahead, could the currency fall even further?