Schroders is to launch a merger-arbitrage strategy run by hedge fund veteran John Paulson.
Fund buyers have been selling down their exposure to Hugh Hendry's Eclectica Absolute Macro fund after his performance downturn accelerated at the start of 2014.
In this week's Budget, George Osborne announced a freeze on the duty on Scotch whisky, describing the industry as a "huge British success story".
Majedie Asset Management has shut its Tortoise equity long/short fund to existing investors after the vehicle reached its capacity limit, Investment Week can reveal.
Infrastructure trusts could face ‘haircuts' to NAV if rates rise and inflation assumptions are revised down, analysts have warned.