Fund pickers are shunning UK equity funds and hedging their sterling exposure as currency volatility looks set to continue in the run-up to June's EU referendum, with the pound hitting a seven-year low last week on fresh Brexit concerns.
London Mayor Boris Johnson's announcement he is backing the ‘out' campaign led the pound to fall 1.7% versus the dollar to $1.41 last Monday, its worst daily performance since May 2010. It subsequently...
Targeting €1trn AUM by end of 2020
Groups firming up plans
Managed by Jeff Kernagis
Apollo Multi Asset Management has taken over the offshore multi-asset business of Frontier Investment Management.
Re-elected in September