A survey conducted by Legg Mason has found UK-based high net worth investors are the most cautious in Europe, with more than a third of their portfolios invested in cash.
On average, older UK investors (aged 40-75) have cash weightings of more than 36% in their portfolios, in a bid to protect themselves from current market volatility, according to the 2016 Legg Mason Global...
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