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Asset managers Hargreave Hale, Artemis, others face FCA information-sharing probe

( November 29, 2017, 10:29 GMT | Official Statement) -- MLex Summary: Asset management companies Artemis Management, Hargreave Hale, Newton Investment Management and River & Mercantile Asset Management face a competition probe by the Financial Conduct Authority over alleged information-sharing related to prices in initial public offerings. The authority has issued a statement of objections to the companies. It suspects them of sharing plans for prices they intended to pay for shares. This is the first case the financial watchdog is bringing using its competition enforcement powers.The full text of the statement is below:...

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