Bond fund managers who bought into the US dollar-denominated issuance from Verizon have seen an immediate boost to performance after the bargain-basement priced bonds saw values jump and yields come in.

Nordea's new North American All Cap fund has left competitors in the shadows in the last year, outperforming many rivals in the IMA North America sector thanks to the performance of some key holdings.

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), has said he wants the regulator's legacy to reflect it ensured wrongdoers "faced the full consequences" of their actions.

Aviva Investors is to close its UK Special Situations fund after one of its managers, ex-Schroders UK equities head Richard Buxton, joined Old Mutual Global Investors.

Hargreaves Lansdown has moved to officially challenge HMRC's decision to impose a tax on platform rebates paid to consumers, after the revenue's move to introduce the tax earlier this year.

Markets climbed this afternoon following a worse-than-expected jobs update in the US, as investors anticipate the Fed will now have to delay QE tapering.

Bryan Collings has stepped down as managing partner of boutique Hexam so he can focus more closely on running the group's fund range.

Platform Novia is to launch its own fund management arm in the final quarter of the year, providing advisers with a range of risk-rated portfolios to offer to clients.

M&G is to launch a Global Corporate Bond fund for Ben Lord next week, Investment Week understands.

The chairman of Zurich insurance group has resigned days after the apparent suicide of chief financial officer Pierre Wauthier.