Castlestone has lost its second fund manager in a month with the departure of Bradley Yim, who is involved in a legal dispute with the group.

Industry proposes changes to ‘onerous' US tax regime due to come into force in 2013, amid fears over 30% charge for breach of rules

Warren Buffett's annual charity lunch auction raised a record $2.63m as it on Friday closed following a week of bidding after the winner offered extra cash to break the record.

Ex-iShares and Gartmore sales director Julian Hince has joined M&G as technical development director.

Castlestone Management has suspended subscriptions on three of its Dublin-domiciled funds following an order by the Central Bank of Ireland.

Ignis Asset Management's sales and marketing director Jonathan Polin is leaving the business at the end of July to pursue other interests.

Prusik Investment Management is planning to soft-close Heather Manners' $88m Asia Smaller Companies fund when assets hit $100m.

The Investment Management Association (IMA) is to scrap the existing definitions and names of the Managed sectors, renaming them Managed A-C and introducing a new sector, Managed D.

Rajeev De Mello is leaving his role as Asian bond manager at Western Asset, Legg Mason's fixed income subsidiary, on 10 June.

BlackRock has bought about £63m worth of shares in Jupiter, doubling its stake in the fund manager to more than 10%.