Markets

US fund manager GAM has liquidated its underperforming GAM Star GEO fund run by Paul Udall after assets dwindled to under £10m.

Total expense ratios (TERs) of 240bps for a combination of adviser fees, discretionary management charges, platform costs and fund manager fees are 'unsustainable' and will likely be driven down, according to Schroders head of UK intermediary Robin Stoakley....

The price of Brent crude oil has fallen as much as $3 per barrel, following a deal between Iran and other major world powers on nuclear activities.

The UK Statistics Authority (UKSA) has criticised the methods used by the Office for National Statistics (ONS) when it releases sensitive economic data.

Neil Rogan has taken a seat on the board of the Murray Income trust.

Threadneedle has partnered with the social investment arm of the Big Issue to launch the Threadneedle UK Social Bond fund.

Ex-Arch Financial Products chief executive Robin Farrell and compliance director Robert Addison have fiercely contested allegations of greed and dishonesty in relation to investments made by the Arch cru funds.

ON UK GROWTH

It is still the main topic in town. We have had some wobbles in markets as investors have taken fright at the idea of fewer new dollars around.

Fidelity has written to the boards of more than 400 companies and warned them it will start voting against remuneration packages for bosses from January unless changes are made which lead to more long-term incentive plans.