More than a month into the Premier League season, which began on 10 August, the beautiful game is continuing to surprise us. Managers are feeling the pressure to prove that their investment decisions were right during the transfer window, with both big spenders and low expenditure clubs under the spotlight. And these investment decisions are rightly under scrutiny. Premier League clubs spent 16 per cent less in the transfer window for the 2018-19 season compared to the year before, suggesting that managers are reducing their levels of risk-taking. This continues a trend that has been developing over the last decade, highlighted in Moneyfarm’s recent report on the business of football. Read more: Why Fifa and Premier League are at odds over agents' fees The perfect strategy? he questions that we ask of football managers’ financial behaviour are very similar to those that we ask ourselves when we’re investing. The clubs that invest the most – in the form of … [Read more...] about Invest like a Premier League football manager – are you conservative, an explorer or a pioneer?
Citi personal wealth management
News / UK and world by Press Association May 11, 2018, 2:58 pm FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter Star fund manager Michael Platt has been named the City’s richest hedgie for the fourth year in a row after he grew his wealth by £600 million. Mr Platt, co-founder of BlueCrest Capital Management, bumped up his wealth by 25% to £3 billion last year. Robert Miller and Princess Marie-Chantal of Greece trailed Mr Platt, coming in second place on The Sunday Times’ list of the richest hedge fund managers. Mr Miller, founder of Search Investment Group, increased his and his family’s wealth by £420 million to a total £2 billion. CQS’ Sir Michael Hinze, a Conservative party donor and former captain in the Australian army, came in third, making net gains of around £100 million to bring his wealth to £1.38 billion. In contrast, David Harding oversaw a halving of profits at … [Read more...] about BlueCrest’s Michael Platt named City’s top hedgie for fourth consecutive year
Mercury Place, the gleaming office block near Leicester station, is a million miles away from the local paper headquarters it used to be. Business Editor Tom Pegden sees the changes. The roar of the presses stopped almost a decade ago – there’s a trampoline park in the big press hall – and the reporters, designers, photographers and editors have been replaced by recruitment consultants, insurance brokers and wealth managers. The latest tenant in the old Mercury building is the city’s newest big employer PPL PRS, headed up by new managing director Suzanne Smith. The smart new office – with its glass walls, huge music-inspired mural created by The Graphic History Company, and bright logos – appear to fit the business brilliantly. Suzanne, who earned her stripes working for the likes of NatWest, Capital One and Experian, said she wanted her offices to symbolise the new company’s intent to transform the way music licensing is done. She said: … [Read more...] about PPL PRS licensing venture’s new Leicester office is music to city’s ears
Russian oligarchs, the rouble and the Moscow stock market all felt the pain of US sanctions last week. The share price slumps at Oleg Deripaska’s En+ and Rusal companies, the steepest daily fall in the national currency for three years, and a double-digit hit to the dollar-denominated RTS index all showed that it is possible to punish Vladimir Putin and his associates. But the international community needs to be vigilant. At the same time that US sanctions were wiping billions of pounds off the value of Russian companies, Russia’s president was preparing a consolatory gift to sugar the pill. The Kremlin has, according to multiple reports, drawn up plans for two new domestic tax havens aimed at Russian millionaires and billionaires who may be considering whether to repatriate their wealth and take shelter from tit-for-tat sanctions. Amid this manoeuvring, the big question for Theresa May, as the UK considers its own toolkit of measures, is whether sanctions will cause … [Read more...] about The government may want oligarchs out but it can’t bank on City sanctions
Big-name former executives from institutions such as Barclays, HSBC and Coutts are behind a new startup aiming to help consumers navigate the world of investing. Pia, an online "personal investment assistant" scheduled to begin its launch in summer, counts advisory board members such as T Rowe Price Global Investment Services' former chief executive Todd Ruppert, Coutts' managing director Gayle Schumacher and an unnamed former chief executive of Barclays Wealth. The app uses artificial intelligence to create a virtual assistant, which can help consumers understand and choose investment products and services ranging from share trading platforms to online wealth managers to crowdfunders. Read more: This fintech firm is aiming to steal the dinner off wealth managers' plates by targeting the super-rich “I am impressed with the team Lex has assembled and envision a future where education and machine learning combine to help retail investors decide how and where to invest," said … [Read more...] about Industry heavyweights from Barclays, RBS and Coutts back new personal investment robo-adviser Pia