Hedge Funds

A roundup of the latest funds news impacting the wealth management sector...

St. James’s Place will merge four of its UK equity income funds – the Allshare Income, Equity Income, UK Income, and UK and International Income funds – to create a £4.3 billion UK Equity Income fund

HSBC China now offers hedge funds to its private banking clients.

Absolute return funds that aim to generate positive returns irrespective of market conditions  have often turned out to be problematic for investors. Far from generative absolute returns many have struggled to generate any returns, especially during the volatile markets experienced during the 2020s.

Wealth management and professional services group Tilney Smith & Williamson, set to re-brand to Evelyn Partners in the summer, has appointed Neil Coxhead as chief executive of its host ACD and fund administration business

The total net asset value of regulated funds administered in Jersey rose by almost a fifth over the course of 2021, according to the most recent quarterly figures collated by the Jersey Financial Services Commission (JFSC)

The net asset value (NAV) of Guernsey funds has hit £300 billion for the first time.

Lloyds Banking Group-owned HBOS has retained the inauspicious top spot in Bestinvest’s latest ‘Spot the Dog’ report – which identifies consistent underperformers in fund management.

fundtruffle is PAM Insight's news service covering the funds sector. It keeps its readers abreast of the latest news of corporate activity, regulatory developments and important people moves. Each week, thewealthnet will bring you the top headlines from fundtruffle the preceding week. 

Smith & Williamson Fund Administration (SWFAL), part of Tilney Smith & Williamson, is to act as Authorised Corporate Director (ACD) for seven Brooks Macdonald funds valuing £1 billion in total