News Brief: Aegon's 'significant' job losses - Bill to drop trust cost disclosures - AB fund flying high
Welcome back to the News Brief, a weekly summary of some of the most important stories on Ignites Europe.
Aegon Asset Management's UK business is the latest fund firm to undergo "significant" job losses, amid a "period of change" for the business and wider industry cost pressures.
The firm, which employs over 300 people in the UK, has confirmed a net reduction of around 25 roles over the course of the year.
One person tells Ignites Europe the firm is "feeling the pinch" and "downsizing", focusing on local rather than global markets. Ed Moisson has the story.
A bill making its way through the UK parliament could lead to investment trusts being classified as companies instead of funds, unburdening them from cost disclosure rules under the EU's Alternative Investment Fund Managers regime.
Former pension minister Ros Altmann argues that "well meaning but misleading" rules have led to the vehicles looking more expensive than they are, hindering investment in the UK. Alf Wilkinson and Ed Moisson report.
AllianceBernstein's new chief executive in Europe says its blockbuster flagship fixed income fund has "captured the imagination" of clients despite the overall "cautious" environment.
Ignites Europe analysis of Morningstar data shows it was the third best selling fund in Europe in the year to September end gathering €4.5bn in net inflows, as outflows from active strategies more widely mounted.
领英推荐
Honor Solomon says the €19bn American Income Portfolio has been particularly popular with global financial institutions. Anna Devine has more.
Chart of the week: Article nine upgrades fail to materialise
A clarification provided by the European Commission on the application of the Sustainable Finance Disclosure Regulation has not led to the wave of fund upgrades many expected, Chloe Leung reports.
Other top stories
Want more news for European asset managers? Sign up for a free trial to receive full access to Ignites Europe for 14-days.