A week at MRM
And so, another week draws to a close at MRM-towers and we breathe a collective sigh of relief that January, judged by some as the worst month of the year, is finally over. However, February has already been welcomed in with the news of Facebook’s stock market float. This has already proved to be a controversial move for the social network site, but the general consensus is that it could be a lucrative one. Co-manager of the GLG Technology Equity fund, Philip Pearson, has confirmed that he will be looking to participate in the IPO and that they already effectively have a stake through their holding in Mail.ru. Pearson’s full comment can be seen here. It will be interesting to see how this flotation plays out in the coming months and whether other social networks decide to follow suit.
On Monday, the Communities and Local Government Committee met to discuss the financing of new housing supply. This is clearly an area that needs addressing before the disparity between the number of homes available and people needing accommodation escalates even further. Tessa Norman (@Tessa_Norman) wrote an interesting piece on this on Mortgage Strategy and between you and me more on this is expected from Castle Trust’s CEO, Sean Oldfield, so watch this space!
This afternoon, Nucleus(@nucleuswrap) announced that they have just signed up their 100th member firm, Murphy Financial, and have also passed the £3.5bn AUA barrier. Great news all round and congratulations from all at MRM.
Charlotte Banks (@Charbanks1) is still training religiously for her Eastbourne half marathon, and as Tom mentioned last week is running for MRM’s charity RNIB – if you’d like to support her and the charity then just visit her JustGiving page. And for those of you who don’t think that 13 miles in the cold is enough, what about Cofunds’ Investment Proposition Manager, Edward Roberts who is running the Marathon des Sables in April? This 151 mile race across the Sahara Desert is dubbed as the ‘toughest footrace on earth’. Not for the faint-hearted. If you wish to donate to Edward’s chosen charity, Mencap, his JustGiving page is here.
Arguably the most important news this week is that I’m back safe and sound from safari in Tanzania (I’m sure you were waiting with bated breath). Having happily acclimatized to 32C every day, it was rather a shock to the system to return to this icy climate. Indeed, with forecasters issuing a severe weather warning as the Arctic conditions are set to continue, my advice is for everyone to wrap up warm and stay put – Happy Weekend!