Markets

What’s gone wrong with global funds?

Mega-caps may have struggled this year, but the UK is awash with successful self-help situations, says EEA's David Urch.

With the dollar at a five-year high against a basket of currencies, and further strength against sterling predicted, Investment Week asks wealth managers which funds they are using to play the trend.

Neil Woodford, private equity investor Jon Moulton and former Goldman Sachs Asset Management chair Jim O'Neill are among those to have backed digital bank Atom ahead of its 2015 launch.

F&C director of UK and European equities Peter Lees is to hand over his UK equity fund responsibilities as the group bids to turn around performance, Investment Week can reveal.

The Bank of Russia has taken steps to halt the collapse of the rouble, as the currency continues to hit new record lows against the US dollar and the euro on falling oil prices.

Chancellor George Osborne announced a raft of fiscal changes today in the final Autumn Statement of the current parliament.

The amount of profit in UK banks that can be offset by losses carried forward will be limited to 50%, and relief on bad debts will be delayed, the Chancellor has announced.

The government is to crack down on investment managers "disguising guaranteed fee income as capital gains", as part of anti tax avoidance measures outlined in the Autumn Statement.

George Osborne has announced a 25% levy on profits made in the UK by multi-national companies but diverted elsewhere.