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SJP in the doghouse over performance again despite fund range overhaul

Wealth Management

Wealth Management Correspondent

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St James’s Place is in the doghouse again for having £15bn in underperforming funds, despite a drastic overhaul to its product range.

The Cirencester-headquartered wealth manager was singled out in online investment platform Bestinvest’s Spot the Dog report for having the biggest laggards in the UK.

Wealth manager’s funds shamed in Bestinvest report

Kristen McGachey

Investing

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Fiera Capital managing partner Catherine O’Reilly exits

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The former Goldman Sachs  and TCI Fund Management employee has also stepped down from her board role at UK trade body the Investment Association

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Ex-Bank of America trader joins Sumo as head of systematic fixed income trading

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Jugakalpa Das’ six-member pod will start trading for Sumo in July

Israel’s attack on Iran gave the greenback a boost after a long stretch of trouble. But the long-run prospects for the dollar don’t look good.

The shipments have propelled Ireland, a country of only 5.4 million people, to the second-largest goods-trade imbalance with the U.S., trailing only China.

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The satellite operator said the capital increase would support its strategy, driven by strong market momentum in the Low Earth Orbit-enabled connectivity market.

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The uptick was likely fuelled by easing price inflation and a cut to interest rates in May.

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The unprecedented pace of change brought by AI is forcing the software maker to reinvent itself, said Salesforce’s chief futures officer.

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Financial News

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