Old Mutual Global Investors (OMGI) is proposing to merge away the Skandia UK Best Ideas fund of funds next month, Investment Week can reveal.
The price of gold may have struggled recently but a peak price level remains an "unthinkable" development, according to Angelos Damaskos, CEO at Sector Investment Managers.
Investec Asset Management has scrapped the initial charge on its UK OEIC fund range, which includes high profile funds such as Alastair Mundy's Cautious Managed portfolio.
Fidelity Worldwide Investment has raised the AMC on two of its multi-asset funds as part of the rebrand and restructure of its multi-manager range.
Fidelity Worldwide Investment has expanded its multi-asset range with the launch of a trio of new strategies for its multi-manager team.
Demand for ‘safe havens' starts to decline as outlook for developed economies improves.
Iain Stewart has gained a co-manager on the £3bn Newton Balanced fund, enabling him to spend more time running his £7bn Real Return fund.
Barclays shares rose almost 9% on Tuesday and ended the day up more than 7%, buoyed by news of a £1.7bn cost-cutting plan, announced in its strategic review.