M&G
UK insurers’ fortunes vary in investment industry first half
The half year numbers out from three of the UK’s largest insurance companies over the past few days illustrate the increasing importance of backing the right asset management horse.
Asia spares Prudential’s blushes in half year results
Growth in its Asian operations helped UK insurance giant Prudential post a forcast-beating 6% rise in first-half operating profit to £2.06bn ($2.69bn, €2.4bn), helping offset a drop in profits from its M&G asset management business.
Investment | 29 Jul 16
M&G and Aberdeen still in the doghouse
Tilney Bestinvest’s “Spot the Dog” report names M&G Investments as the firm with the highest number of assets in underperforming funds and Aberdeen Asset Management as the fund house with the most ‘dog funds’.
Concept of open-ended property funds is absurd – Seneca
Last week’s suspension of several daily-traded, open-ended property funds demonstrates that the concept is ‘absurd’, according to Seneca Investment Management.
People Moves | 12 Jul 16
PEOPLE MOVES: UK prime minister, Old Mutual Wealth, UBS
For only the second time in its history the UK is to be led by a female prime minister. Old Mutual Wealth has appointed a chief risk officer, while UBS Asset Management has created a new sustainable and impact investing role.