EUROPE - Ajay Gambhir is set to leave JPMorgan to launch a new European hedge fund aimed at institutional investors at MPC Investors .
Gambhir was managing director and head of the European high alpha team within the European equity group at JPMorgan, running $8bn of assets.
Gambhir, who was the sole portfolio manager for the JPMorgan Europe dynamic long short hedge fund, said he would be launching a similar fund at MPC.
Commenting on the appointment, Peter Harrison, chief executive at MPC Investors, said: “Ajay brings with him a rigorous approach to fundamental analysis and stock-picking ,with a distinct focus on contrarian value and under-recognised growth opportunities. The skills he has used to make him a Citywire AAA rated manager are welcomed at MPC and we look forward to developing funds with him.”
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.
The Lighthouse Pensions Trust has recorded an 84% surge in the number of employers signed up to its auto-enrolment (AE) provision.
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.