Funds

F&C has hired former iShares managing director Marc Knowles to head up its passives push as the group prepares to launch a trio of exchange-traded funds (ETFs).

The Caledonia investment trust has agreed to acquire a 94% stake in Seven Investment Management in a deal valuing the firm at £100m.

GLI Finance has announced plans to launch a new alternative debt investment trust which is aiming to raise at least £100m during its initial public offering.

P2P Global Investments has announced it will raise a further £250m through the issue of new C Shares.

HMRC has widened the range of investments available through ISAs to include peer-to-peer lending trusts.

Legal & General is understood to be considering a sale of its Cofunds platform, just over two years after it sealed a deal to take full ownership.

Insurer Aviva has launched a direct to consumer (D2C) platform giving consumers access to a general investment account, and ISA and a self-invested personal pension (SIPP).

FE Trustnet's Joshua Ausden highlights how fund capacity impacts open- and closed-ended vehicles, and picks some standout performers.

Stephen Mohan, UK director at Europe's largest platform group Allfunds Bank, is set to leave the firm, Investment Week understands.

Aberdeen Asset Management is to partner with pensions consultancy Hymans Robertson for a service which will see it use the firm's technology to target direct investors for the first time.