News Archive

This is our news archive. Click any headline for the complete story.

[You'll find our most recent stories here]

Saturday, 16 April 2016

City Financial has appointed Stefan Garcia as Global Head of Distribution to be based in London with effect from 4 May 2016.

In this new role, Stefan will directly oversee City Financial’s distribution, marketing, communications and sales efforts. Stefan will work closely with Dan Lincoln and Neil Scrase in building both City Financial’s distribution and marketing capabilities.

Saturday, 28 June 2014

City Financial has completed the acquisition of Iveagh Limited’s Irish domiciled UCITS fund business. The deal provides City Financial the opportunity to develop an Irish domiciled open-ended fund range, in addition to its existing UK and Cayman domiciled ranges.

Wednesday, 18 June 2014

City Financial, the rapidly growing independent asset management business, has appointed Chris Coombe as Chief Financial Officer with effect from 23 June 2014.

Chris will report to Andrew Williams, Chief Executive, and will lead City Financial’s Finance, Operations and Client Services, Regulatory Compliance, Legal, Technology, Facilities and Human Resources teams.

Monday, 2 June 2014

City Financial Investment Company Limited (City Financial), the rapidly growing London-based independent fund manager, has acquired Iveagh Limited’s Irish domiciled UCITS fund business.

The acquisition sees the transfer of Iveagh’s UCITS fund range, which includes the £116m Iveagh Wealth fund and a range of six risk-profiled funds, totalling £160m in assets.

Wednesday, 7 May 2014

City Financial, the growing independent fund manager, is launching The Adviser Centre (www.theadvisercentre.co.uk), a free-to-air, online research and consultancy service to help advisers with their investment processes and their assessments of fund suitability.

The Adviser Centre is a dynamic tool through which City Financial’s dedicated Multi Asset team provides impartial investment research, including fund recommendations, monthly market and asset allocation viewpoints and additional market insights.

Friday, 2 May 2014

Leigh Himsworth, head of UK equities at City Financial and manager of the City Financial UK Opportunities Fund, provides commentary for May

The title refers to a relatively new colleague that has made me realise I don’t have it too bad – he’s a Tranmere Rovers fan – I can almost see you nod gently and accept he has really had it tough.

There are some interesting issues to discuss this month that revolve around the battle between corporate investment and the market rating. Corporate investment, a key part in the recovery jigsaw that we seem to have been waiting an age for, is finally showing some signs of life. Recent years have relied on government expenditure, followed by improving consumer confidence. Up to this stage, businesses have been reluctant to invest up to this stage in the recovery, a phenomenon I believe results from their focusing, instead, on deleveraging their balance sheets.

Wednesday, 30 April 2014

City Financial, the rapidly growing independent asset management business, has appointed Lalit Aggarwal to its Board of Directors. He joins the firm as Non-Executive Director alongside David Beatty, Jack Hollihan and Michael Stein, as well as Chairman Rob Hain and CEO Andrew Williams.

Monday, 14 April 2014

Distribution Technology, the leading provider of risk profiling and wealth management technology for financial advice firms, and City Financial, the rapidly expanding independent fund manager, announce that they are building a new investment research service for intermediaries. Embedded within DT’s Dynamic Planner, this new service will offer qualitative investment research, which also drives The Adviser Centre (soon to be launched by City Financial). Future plans will include the creation of risk-profiled portfolios by City Financial using Distribution Technology’s asset allocation guidance.

Monday, 31 March 2014

City Financial, the rapidly growing independent asset management business has appointed Mark Pearson as Marketing Director.

Pearson will lead the development and implementation of City Financial’s marketing strategy for the growing propositions within the business.

Tuesday, 25 March 2014

City Financial, the rapidly expanding independent fund manager, and Scopic Research, the leading multi-manager research consultancy, announce a partnership to deliver multi-manager research via The Adviser Centre.

Launching at the end of April, The Adviser Centre will be a free-to-air, web-based service providing independent fund research and consultancy services to financial advisers. The availability of the Scopic Research multi-manager research service on The Adviser Centre complements the individual fund and fund manager research and tools that will be available.

Wednesday, 11 December 2013

Leigh Himsworth, head of UK equities at City Financial and manager of the City Financial UK Select Opportunities Fund, provides commentary for December

“It is not in the stars to hold our destiny but in ourselves.” William Shakespeare

Monday, 9 December 2013

City Financial Investment Company Limited (City Financial), the growing London-based independent investment manager, announces the appointment of Philip Kay as Head of Asia, in a newly created role.

Based in London, Philip will be responsible for overseeing City Financial’s operations in Asia, where the firm has been active since 2010.

Wednesday, 20 November 2013

In the book, the response to this request from Oliver is not encouraging: ‘I know that boy will be hung.’ Well, Oliver should have operated in today’s market, as he could have consumed as much as he liked!

Tuesday, 19 November 2013
  • Free, web-based Adviser Centre to be launched in spring 2014
  • Initiative features list of recommended, established funds, as well as ‘Positive Watch’ fund list

City Financial Investment Company Limited (City Financial), the growing London-based independent fund manager, announces a new service for advisers to streamline their business processes, providing enhanced support in a post-RDR environment of increasing regulatory and competitive challenges.

Monday, 4 November 2013

City Financial strengthens fixed income team with appointment of Phillip Lee

City Financial Investment Company Limited, the London-based independent fund manager, has added Phillip Lee to its fixed income team, with effect from 1 November 2013.

Friday, 11 October 2013

“But I don’t want to go among mad people," Alice remarked.
"Oh, you can’t help that," said the Cat: "we’re all mad here. I’m mad. You’re mad."
"How do you know I’m mad?" said Alice.

Monday, 30 September 2013

Fund research experts recruited by firm in latest stage of business development
Firm will produce a wide range of solutions for advisers and institutions

City Financial Investment Company Limited (City Financial), the rapidly growing London-based independent fund manager, announces that Peter Toogood and Gill Hutchison are to join the firm on 1st October 2013.

Thursday, 19 September 2013

Yesterday proved to be a landmark day in Federal Reserve policy making. The two day FOMC meeting concluded with the announcement that no tapering of QE would occur. The minutes cited evidence that structural unemployment problems remain within the US economy, particularly with regard to the wide unemployment measure, U6 unemployment. Also highlighted was the fact that the recent fall in headline unemployment rate to 7.3% was largely due to a reduction in Labor Force Participation which, at 63.2%, is running at a 35 year low. The other key aspect of the Federal Reserve mandate, price stability, also shows that inflation is well below their target of 2%. Monetary policy decisions that go against market consensus rarely occur in the current environment and, whilst there was a clear split between the economists forecasting tapering and those that did not (68.75% of economists polled by Bloomberg predicted a median of $5Bill tapering in US Treasury purchases), the announcement of “no tapering” was met by sharply declining bond yields across the world.

Monday, 16 September 2013

City Financial Strategic Global Bond Fund also renamed
Firm fixes expenses structure of funds

City Financial Investment Company Limited (City Financial), the rapidly growing London-based investment firm, is merging the City Financial MultiManager Income Fund with the City Financial Global Multi-Strategy Fund, subject to unit holder approval. The merger would create the £35m City Financial Multi Asset Balanced fund, managed by head of multi asset, Mark Harris.

Monday, 9 September 2013

Leigh Himsworth, head of UK equities at City Financial & manager of the City Financial UK Select Opportunities Fund

For those of us old enough to remember those immortal words from the Incredible Hulk – the mild Dr David Banner, when pushed, used to grow, rip his shirts – never his underwear – go green, and go on the rampage – growth was not something to be relished!

Wednesday, 7 August 2013

Leigh Himsworth, head of UK equities & manager of the City Financial UK Select Opportunities Fund

The market rebound in July has been of such a scale that it has produced one of the largest monthly gains in recent years! Whilst I am more than happy with such a gain, I must have missed something as I saw no great news announcement or takeover to speak of? My guess is that we have been driven in large part by the fact that US economic activity, whilst positive, has not been strong enough to induce the Fed to taper its asset purchase programme. The fact that leadership has continued in the sectors that have so far been strong this year would vindicate this stance.

Thursday, 4 July 2013

Leigh Himsworth, head of UK equities at City Financial & manager of the City Financial UK Select Opportunities Fund

I thought I would begin with a quote from Willy Wonka given the release of a new play; for those living outside London, I’m talking theatre.

The magnitude of reversal since the market peak towards the end of May has been savage with markets losing nearly 9% to the end of June. The scale of sell-off in some overseas markets has reached bear market proportions. This for me, is worth dwelling on for a moment. Markets have had a nervous reaction to the possibility of a rise in bond yields, this time only caused by the US merely mentioning turning off the monetary tap! Given the scale of excess liquidity in the system, not loaned out through QE, we will undoubtedly face many more such scares en route to ‘normalisation’. This path will be bloody, and it is worth noting that few economists or academics have written about the mechanics of reversing QE. My own view is that bond yields have to rise markedly or inflation will rise markedly — neither prospect is particularly appealing. In the near term, this has created one of those perverse times in investment circles where good news is bad and bad is good! That’s a Willy Wonka phrase if ever there was one.

Monday, 17 June 2013

Graham Glass, head of fixed income at City Financial and manager of the City Financial Strategic Global Bond Fund, provides commentary for June

World investment markets have seen dramatic moves during the past few weeks following Federal Reserve Chairman Bernanke's address to Congress which outlined that the Fed was prepared either to increase or reduce the pace of its bond purchases depending on economic conditions, as the central bank stated on May 1 after its last policy meeting.

  • Read the complete commentary here
  • Read more about the fund here
Wednesday, 12 June 2013

Leigh Himsworth, head of UK equities at City Financial and manager of the CF Eden UK Select Opportunities Fund, provides commentary for June

The rally in equity markets sparked by two significant events, firstly supportive words from Head of the ECB Mario Draghi and then the launching of Abenomics in Japan, is posing significant questions of investors. Indeed, due to these driving factors there is much to suggest that monetary stimulus lies very much behind the new found desire to invest in all that is Equity. It also goes some way to explaining the leadership in markets driven in large part by more liquid, even defensive stocks and the weakness in commodity related areas as investors have sought to move away from the perceived safety offered by lumps of metal. As markets are now up 27%* since June 2012, has this all gone too far?

Wednesday, 8 May 2013


Leigh Himsworth, head of UK equities at City Financial and manager of the CF Eden UK Select Opportunities Fund, provides commentary for May

The UK equity market continues its relentless rise, up another 0.63% in April giving a total return from June 2012 to the end of April this year of 28.5%! I recently re-read my fund commentary from six months ago where I expressed a degree of caution with the market having risen so strongly especially post Mario Draghi’s comments in June of last year. Well, six months further on, in expressing a cautious note, I find myself crying wolf again! Though I think now that I am beginning to slowly understand what has happened and how to play this.

Friday, 15 March 2013

Leigh Himsworth, head of UK equities at City Financial and manager of the CF Eden UK Select Opportunities Fund, provides commentary for March

The above title was originally intended to be directed at the UK coalition government who stated early on in their administration that they would rein in spending and let the Bank of England ease monetary policy to stimulate lending and so growth in the economy. Well, neither has worked. We have a contraction in lending and little, if any, slimming of government. Recently though I have found myself included in the title (many readers may say I’ve been that way for years) as I refocus my attention on equity markets that continue to scale new heights.

Monday, 4 March 2013

City Financial announces its fourth fund manager hire in six months

City Financial Investment Company Limited, the London-based independent fund manager, has appointed Graham Glass as head of fixed income, with effect from 1 March 2013.

Friday, 15 February 2013

Leigh Himsworth, head of UK equities at City Financial and manager of the CF Eden UK Select Opportunities Fund, provides commentary for February

Imagine how happy I was recently to discover that I shared a birthday with none other than William Shatner – Captain James T Kirk! Those of a certain age will undoubtedly share my joy, others who may be much younger and, unmoved by this, just read on.

Wednesday, 16 January 2013

Leigh Himsworth, manager of the CF Eden UK Select Opportunities Fund, provides this commentary for January

Happy New Year! The Americans have reached agreement on tax changes, extending the Bush-era tax cuts. In summary, little has changed, but perhaps things are marginally worse, and similar to the recent debate that we have had in the UK, the US also is suffering from a falling corporate tax take.

Monday, 7 January 2013

City Financial Investment Company Limited, the London-based independent fund manager, announces that Mark Harris has been appointed as manager of City Financial’s multi-asset funds with effect from 31 December 2012.