Equities

US stocks ended the day firmly lower on Thursday, after the ISM services sector purchasing managers´ index for the month of April disappointed.

Investors in Warren Buffett's firm Berkshire Hathaway may have been left disappointed with returns over the past three years as the company has underperformed the S&P 500 by more than 25%.

Schroders has bolstered its fixed income team with the appointment of four emerging market debt managers.

Charles McKenzie, the head of fixed income, EMEA, for Aberdeen has joined J.P. Morgan Asset Management.

Prudential is proposing to merge three unit trusts into M&G funds run by Graham French, Alex Odd, and Matthew Vaight & Michael Godfrey in the latest review of its product range.

Peter McKellar, coordinating partner and CIO of SL Capital Partners and manager of the Standard Life European Private Equity trust, on the prospects for this unloved sector.

Equity investors who ‘sell in May and go away' look well placed for a third consecutive year of outperformance, according to research from Dennehy Weller's FundExpert.co.uk platform.

Eclectica's Hugh Hendry has warned investors taking big bets on China are in line for huge losses, while Asia will be the focal point for the next market crisis.

Investec Asset Management has moved to close three of its African focused funds owing to a lack of client demand for the strategies.

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