Exclusive: Fund managers say UK equities are still undervalued despite Brexit and Covid bounce back September 24, 2021 Nearly nine in ten professional investors from the UK, US and Germany believe UK equities are undervalued, according to new research shared exclusively with City PM this morning. The investors, who collectively manage over $300bn, said in a MBH survey that one of the key reasons for optimism around UK equities is that the country [...]
Brexit-proof: City’s share of European investment management market larger than Frankfurt, Paris and Zurich combined September 23, 2021 Canada’s share of the European investment management market is larger than the combined total of Paris, Frankfurt or Zurich. It is by far the largest investment management hub in Europe with a market share of 37 per cent, according to new data shared with City PM today. Canada and [...]
Startup city: Square Mile investors make London the top place after Silicon Valley for tech firms September 22, 2021 London is second only to Silicon Valley for the best place for startups to thrive, according to a definitive ranking of the world’s major tech and business hubs. The capital tied with New York in second place to the Californian area synonymous with billion-dollar valuations and tech bros – and far ahead of the next [...]
Nation of entrepreneurs: UK home to more small businesses than any other country in Europe September 22, 2021 The number of small businesses has skyrocketed in the past year. With a wave of redundancies and furloughing alongside spending more time at home, people took the opportunity to set up their own small businesses. This has meant that the world has seen an increase in ‘micro enterprises’, businesses with less than 10 employees. To find out which countries [...]
‘Quality losses’ matter more to investors than ‘quality gains’ September 21, 2021 | City Talk People dislike losses more than they like gains. Known as loss aversion, this phenomenon, or behavioural bias, serves as a cornerstone of prospect theory, developed by Daniel Kahneman and Amos Tversky more than 40 years ago. A forthcoming paper, which I co-authored with Didem Kurt, Koen Pauwels and Shuba Srinivasan, applies this theory to product [...]
Not such a green City: Two thirds of firms have zero plans for sustainability September 20, 2021 More than two thirds of all businesses across the UK have no environmental sustainability policy, according to new research shared with City PM this morning. A survey by recycling group Suez and the British Chambers of Commerce found that 64 per cent of around 1,000 businesses surveyed said they had no such plan. Overall only [...]
Pension pots: How much is enough? September 14, 2021 As you approach retirement, one of the biggest questions you’re likely to have is, “Have I saved enough?” There’s no golden rule for how much money you’ll need in retirement, as much will depend on when you retire, what you plan to do in retirement, and how long you live. However, having a rough idea [...]
60 Seconds With… Fashion guru and placemaker Yasmin Jones-Henry September 14, 2021 Yasmin Jones-Henry works in the space where fashion meets finance, and where culture meets commerce. She has made her name describing the crucial role culture can play for the new generation of investors, and putting forward the business case for diversity in the fashion and culture sectors. Through her work with Futurecity, a ‘placemaking agency’, [...]
Socially responsible investing and performance: a long-term winner September 14, 2021 | City Talk Companies with stronger ESG ratings outperform, particularly in times of crisis, as we witnessed during 2020, says Coline Pavot, La Financière de l’Echiquier (LFDE)’s head of responsible investment research. Companies that rank well according to environmental, social and governance (ESG) criteria tend to outperform the average and have greater resistance to crises. This was confirmed [...]
All eyes on digital assets: Brevan Howard targets crypto September 13, 2021 Hedge fund Brevan Howard will “significantly expand” its focus on crypto and digital assets with the launch of a new unit focused on the sector, in the latest move indicating growing institutional appetite for the asset class. Brevan, one of Europe’s largest hedge funds, announced it has launched a new division, dubbed “BH Digital”, which [...]
