Can Impax bounce back? April 17, 2025 Today, Impax Asset Management entered into an agreement with European giant BNP Paribas, where the asset manager will provide investment advisory services for one of its funds. But after hitting its lowest stock price in eight years earlier this month, analysts are split on whether Impax Asset Management will be able to bounce back. Impax’s [...]
Will US Fed chair Jay Powell be fired by Trump? April 17, 2025 The fate of US Federal Reserve chair Jay Powell looks increasingly uncertain as the Trump administration ramps up pressure on the central back to cut rates faster. Powell has been resolute that he will not be influenced by Trump’s attempts to sway the Fed, instead sticking to its mission of bringing down any inflation that [...]
Foresight beats out Drax in Harmony Energy bidding war April 17, 2025 The board of Harmony Energy Income has agreed a takeover offer by Foresight Group in what could mark the end of the firm’s close-fought bidding war with rival Drax. Harmony’s board recommended a new offer from Foresight of 92.4p per share, a five per cent premium to Drax’s previous offer last month. As a result, [...]
Man Group: Hedge fund racks up billions in performance losses April 17, 2025 Assets at hedge fund Man Group dropped by $5.6bn (£4.2bn) in the first two weeks of April as market volatility hit the asset manager’s strategies. While assets under management at Man Group jumped from $168.6bn (£127.6bn) to $172.6bn (£130.6bn) in the first three months of the year, they then fell sharply to $167bn (£126.4bn) in [...]
Investors set to sell off US stocks at record high levels April 16, 2025 Investors are set to cut their exposure to US stocks to record high levels as global growth expectations have fallen to 30-year lows this month. A net 82 per cent of investors expect the global economy to weaken, down from 44 per cent in March, according to the most recent Bank of America global fund [...]
UK asset managers brace for challenging quarterly results amid market crash April 16, 2025 UK asset managers are bracing for their quarterly results as the fund houses suffer double-digit drops in their share prices since Trump’s tariff regime caused markets to dive. While most UK asset managers have suffered a persistent trend of investors pulling money in favour of low-cost index funds, the firms have been able to rely [...]
US dollar shifting towards ‘risky’ currency status, analysts warn April 16, 2025 The US dollar is going through “a possible regime shift” that could leave it as a “risky” currency going forward, UBS analysts have warned. Even as volatility in financial markets has soared as a result of president Trump’s ever-changing tariff regime, the dollar has been sinking quickly, with the DXY index dropping four per cent [...]
Gold price surges to $3,300 as trust in US bonds collapses April 16, 2025 Gold prices have passed $3,300 for the first time in history as investors flee US government bonds, which were previously viewed as a safe haven. “It seems that fewer countries are trusting the US — and therefore US Treasuries as a ‘safe haven’ asset class,” explained analysts from Invesco. “This has resulted in greater buying [...]
Premier Miton: Sinking European fund drags down asset manager April 16, 2025 Premier Miton’s assets dropped sharply over the last quarter as its investors fled from one of its underperforming European equity funds. Assets under management at the fund house fell by £500m over the last three months, reaching just £10.2bn, it revealed in a trading update today. Investors pulled £221m from Premier Miton over the quarter, [...]
Brooks Macdonald suffers market hit amid ongoing acquisitions April 16, 2025 Brooks Macdonald suffered from a significant investment and market loss over the last quarter as the firm continued to integrate its various financial acquisitions. While funds under management and administration at the asset manager did swell seven per cent over the quarter, this was due to £1.6bn added through acquisitions of financial planning firm Lucas [...]
