Legg Mason is renaming a number of portfolios in its ICVC fund range to reflect the underlying investment manager.

Passives confusion

Richard Buxton has been among the most vocal backers of Tesco this year, but, as the supermarket posts a record £6.4bn loss, which funds have the most conviction in the stock?

HSBC shares have jumped 3.5% after the bank launched a full review of its UK domicile in light of increased levies and a possible referendum on EU membership.

Pioneer Investments has reached an agreement to merge with Santander Asset Management, creating one of the largest European asset management groups by AUM.

The US Nasdaq index has closed above its dotcom boom record for the first time in 15 years.

Three reasons to 'put capital preservation above greed'

Aviva Investors has hired Simon Young from BlackRock as a UK equities fund manager.

Standard Life Investments has launched its fourth emerging market debt fund for Richard House and Kieran Curtis.

FE Trustnet has revealed the groups and funds topping its passive ratings chart as its ETF and tracker comparison service goes live.