Bill Gross and the risks posed by superstar managers 29/09/2014 With around $2 trillion of assets under of management Newport Beach, California-based PIMCO is one of the biggest fund managers of the world. It is almost certainly the biggest fixed-income manager in the world, an area in which has specialised since its establishment in 1971.
The return of mansion tax madness 24/09/2014 Scottish devolution may yet pose more problems for UK politicians. This will be especially the case if the increased powers promised to Scotland resurrect, or require a solution to, the “West Lothian Question”, the continued ability of Scottish Members of Parliament to vote on legislation that covers only England.
What next for the UK after Scotland rejects independence? 19/09/2014 Markets may heave a collective sigh of relief after Scotland rejected independence in the referendum held on 18 September. But it is unlikely that business will return to normal, at least as far as the relationships between the constituent parts of the United Kingdom are concerned. The UK government’s decision to sanction a Scottish referendum released a devolution genie out of the bottle. And notwithstanding the Scottish rejection of independence it will not be recaptured soon.
Scots banking and financial innovation for ever! 18/09/2014 One of the many factors overlooked in the debate on Scottish independence is Scotland’s pioneering contributions to modern life in general, and banking and finance in particular, and the role of the Act of Union of 1707 and its aftermath as a catalyst.