FTSE tumbles more than 1% as inflation soars to 40-year high
The Office for National Statistics has reported inflation hit 9.1% last month, putting further pressure on the economic recovery and causing UK shares to lose ground this morning.
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UK bids and cautious US stock picks help BMO beat global small-cap downturn
Peter Ewins steers Global Smaller Companies Trust through a volatile second half to declare its 52nd consecutive annual rise in dividends.
Monks hangs on as 25% slump halts six years of growth
Monks, the second global investment trust at Baillie Gifford, may be a low-fat version of the group’s full-on growth flagship, Scottish Mortgage, but shareholders have had to endure a similar gut-wrenching reversal in the past seven months.
Templeton EM pays price of China and Russia meltdowns
A toxic triple whammy of China, Russia and Ukraine has cost Templeton Emerging Markets dearly, wiping out the outperformance fund managers Chetan Sehgal and Andrew Ness achieved after taking on the £1.7bn investment trust four years ago.
Martin Gilbert’s AssetCo to buy Colin McLean’s SVM for £11m
AssetCo has increased its Scottish footprint with a swoop on Edinburgh-based SVM Asset Management, which was founded by McLean and Margaret Lawson in 1990.
FTSE rallies as recession fears hobble oil and crypto
The FTSE 100 makes back ground, after a bruising 4.1% loss last week, despite investors fleeing cryptocurrencies and the oil price dipping on recession concerns.
Klarna valuation cut promises further pain for Chrysalis
Chrysalis Investments faces another 9.5% knock to asset value and calls to reform its performance fee after reports that Klarna, the Swedish credit company that is its second biggest holding, was raising money at a third of their valuation a year ago.
Jupiter's Richard Curling: I believe in Baillie Gifford
Fund of trusts manager Richard Curling has voiced his support for Baillie Gifford, the Edinburgh-based growth investment house that has recorded dire performance pretty much across the board in this year's market rotation.
Fidelity European taps into the metaverse for real-life returns
Fidelity European manager Marcel Stotzel has turned his attention to the digital world of the metaverse for the next decade of returns.
FTSE edges up as recession fears hobble oil and crypto
The FTSE 100 makes back ground despite investors fleeing cryptocurrencies and the oil price dipping on recession concerns.
James Carthew: Huge value goes begging in private equity
Bargain hunters beware. History shows the chronically wide discounts on private equity funds such as NBPE and Harbourvest may not last forever.
BlackRock’s alts chief explains energy transition push
It will take time and be uneven, but Edwin Conway wants to move the asset management giant into the driving seat when it comes to transition.
