Brexit ‘stampede’ out of UK funds

M&G, Schroders, Fidelity and Invesco lose billions in withdrawals

Editor’s choice

Emmanuel Roman ©Bloomberg
Bond fund group shakes up management team with external hiring
FRANKFURT AM MAIN, GERMANY - JUNE 24: (Editors Note: This picture is taken with the in-camera multiexposure mode.) Trader sit at his desk under the day's performance board that shows a dive in the value of the DAX index of companies at the Frankfurt Stock exchange the day after a majority of the British public voted for leaving the European Union on June 24, 2016 in Frankfurt am Main, Germany. Many prominent corporate CEOs and leading economists have warned that a Brexit would have strongly negative consequences for the British economy and repercussions across Europe as well. (Photo by Thomas Lohnes/Getty Images) ©Getty
Groups prepare to report on how the vote has affected their earnings

Dutch pensions to clean up red-light area

Schemes invest €60m in a fund to redevelop district in Amsterdam

CN7CFY Teacher in classroom MR © Myrleen Pearson

Pension schemes stay loyal to hedge funds

There is more retirement money than ever in the asset class

Activist hedge funds stalk Brexit bargains

Several household-name British companies have been targeted, says Owen Walker

Chinese lenders climb private bank table

China Merchants Bank and ICBC surge on growth in domestic wealth

Assets in Italian funds fall sharply

Stand-off over contentious bank ‘bail-in’ rules intensifies

©Tony Healey

‘We have not seen major [Brexit] panic’

CEO of Pictet AM more worried about short-termism and passive

Funds suffer worst outflows in a year

European investment products suffer Brexit concerns

The Puerto Rico problem is getting bigger

The island is setting a precedent for how to handle defaults of US municipal bonds, says John Dizard

Tough outlook for Hong Kong property

Slower economic growth hurts residential and commercial markets

Movers & shakers: July 25

Pimco has poached the chief executive of Man Group, Manny Roman

The week’s news in brief: July 25

Turkish stocks and bonds hit after declaration of emergency rule

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