David Harding, founder of hedge fund Winton Capital Management, has disclosed an annual tax bill of £34m and urged other higher rate taxpayers to pay their fair share.

City Financial has bought the asset management arm of Eden Financial in a move to bolster its UK equity, fixed income and multi-asset presence, Investment Week can exclusively reveal.

The Financial Services Authority (FSA) has fined Swiss-based French hedge fund manager Stefan Chaligné £900,000 and handed out a lifetime ban for market abuse.

Alliance Trust Investments (ATI) has unveiled the launch of an absolute return bond fund, aiming to deliver an annualised 6% total return over rolling three year periods.

Standard Chartered's second largest shareholder, Aberdeen Asset Management, has taken advantage of share price weakness to increase its stake in the lender across its fund and investment trust ranges.

J.P. Morgan Asset Management's(JPMAM) Japanese fund manager David Mitchinson has quit the firm to pursue a new opportunity in the industry.

Chancellor George Osborne should abandon his debt reduction target in his Autumn Statement, a leading think-tank has suggested.

Thames River investment director Mike Warren has left the firm, Investment Week understands.

Kames Capital's Stephen Adams, head of UK equities and manager of the group's £398m UK Equity fund, has bought a 2% stake in retailer Tesco in anticipation of a re-rating over the coming months.

Former Insight manager Michael Pinggera has joined FOUR Capital Partners to spearhead the boutique's first foray into the multi-asset space.