asset management

A familiar face is back in business. But why? Why?

Investment bank Liberum downgrades groups

Volatility could spark outflows

Asset managers' motivations to control costs along the value chain among issues under scrutiny

Bank of England governor Mark Carney has used the annual Mansion House speech to warn that asset managers must prepare for the consequences of normalising monetary conditions.

A Bank of England official has said asset managers, insurers and clearing houses in UK should be subject to the same stress tests faced by banks.

Former Odey chief executive David Stewart has joined the board of Hargreave Hale as a non-executive director.

Fund managers believe the use of performance related fees will increase over the course of the next year, according to research from Skandia Investment Group (SIG).

Henderson Group's full year results show its assets under management fell by 16% from £59.2bn at 31 December 2007 to £49.5bn at 31 December 2008.

GLG Partners is to acquire Société Générale Asset Management UK, with the transaction expected to close in the second half of Q1 2009.