Markets

EU policymakers have agreed a deal on pay in the asset management industry which includes a requirement that fund managers be paid half of any bonuses in units of their own funds.

Ignis Asset Management is closing a number of offshore funds - and re-launching others - as it moves to merge away its Irish-domiciled fund range into its Luxembourg SICAV.

UK equities dipped this morning after closing at a 14-year high yesterday, with falls in commodity markets hitting miners.

Old Mutual Global Investors' (OMGI) Richard Buxton discusses why the recent market correction was welcome, and why UK growth could falter later this year if global growth scares are echoed in this country.

The FTSE 100 reached a 14-year high yesterday while the S&P 500 hit a new record level, lifted by M&A activity.

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INVESTMENT TRUSTs

Equity markets around the globe are near - or at - record highs, with sentiment remaining positive, but Chris Wyllie at Iveagh argues investors need to be prepared for a setback after such a strong run.

Aberforth Partners co-founder David Warnock is to join Seneca Investment Managers as chairman.