AXA IM has launched a property fund that will invest in both equity and debt in an effort to produce a return profile similar to that of direct real estate investment.

David Cameron has said the Conservatives will govern "as a party of one nation" over the next five years, as well as delivering on their promise to hold an in-out referendum on EU membership.

The pound has leapt almost 2% and the FTSE 100 has added over 100 points as the general election result points to a surprise majority for the Conservatives.

Pensions minister Steve Webb and business secretary Vince Cable have lost their seats after a calamitous evening for the Liberal Democrats saw the party underperform even the most pessimistic forecasts.

Former Carmignac head of emerging market equities Simon Pickard and colleague Edward Cole are to join Man GLG.

Insurer Aviva has introduced a "proactive retention programme" in a bid to stem the loss of funds from its asset management business.

Equity markets have begun to recover after an early slump driven by a plunge in German sovereign debt prices.

Troy Asset Management is to take over from Taube Hodson Stonex (THX) as manager of the Electric & General global equity fund.

A stark warning from the IMF, as well as the latest major fund manager departure, have renewed concerns over how strategic bond funds will cope with a spike in yields.

Aberdeen Asset Management will consider additional acquisitions following its purchase of Scottish Widows Investment Partnership (SWIP) last year, chief executive Martin Gilbert has said.