A group of fund manager giants have agreed to club together to combat excessive executive pay.
Golf has become a dirty word in the UK asset management market.
Fund managers are feeling increasingly gloomy about the outlook for the UK economy, according to a new survey.
Brexit would be “carnage” for UK fund managers, leaving them battling regulatory hurdles, experts have warned.
Several of the biggest fund managers based in London are drawing up plans to move trillions of pounds of assets and thousands of jobs outside of Britain should the country vote to leave the EU in a referendum due by the end of 2017, the Sunday Times said.
Fund manager assets in Europe are slowly catching up with their U.S. counterparts after a 15 percent jump in money under management in the currency bloc, and it looks as though the European Central Bank's bond-buying program can only help the industry.
Global investors have regained some of their risk appetite and invested more of their cash in spite of the continuing oil price weakness and concerns over corporate earnings and global growth.
Fund managers across the globe are optimistic about attracting more investors over the next five years, a survey by consultants EY showed, while also indicating that some managers are starting to feel the pinch from regulatory pressure over pay.