Warren Buffett's Berkshire Hathaway failed to beat the S&P 500's return last year, meaning it missed Buffett's target of beating the index over a five year period for the first time.

Some of the UK's largest fund houses are shifting focus to concentrate on ongoing charges after Invesco Perpetual became the first group to ditch annual management charges (AMCs) altogether.

The Financial Conduct Authority (FCA) is investigating the US-based parent group of UK fund giant Invesco Perpetual over its past compliance with the regulator's rules.

Deutsche Asset & Wealth Management (DeAWM) has agreed to sell Tilney, a subsidiary of its wealth management business in the UK, to Permira, which recently bought Bestinvest.

The Royal Bank of Scotland has made an £8.2bn loss in 2013, as it struggled with the burden of regulatory fines and splitting up the business.

Bryn Jones and David Coombs have bought into emerging market debt in the Rathbones Strategic Bond fund for the first time in 12 months after spreads widened significantly during the recent sell-off.

Ignis Asset Management is closing a number of offshore funds - and re-launching others - as it moves to merge away its Irish-domiciled fund range into its Luxembourg SICAV.

New entrants to the UK asset management market face stiff competition from established providers, but with barriers to entry falling, more and more European firms are entering the fray.

Nordea's recently launched strategic bond fund has a 70% allocation to high yield bonds in a bid to emphasise credit exposure and minimise interest rate risk.

THE BIG INTERVIEW