Investment

L&G Investment Management (LGIM) has restructured its senior team to reflect a pair of new roles, a retirement and several promotions.

The Shanghai Composite has closed down 7.7% this morning, its biggest loss in over six years, after a crackdown on margin lending at domestic brokerages.

J.P Morgan Asset Management Jamie Farquhar has joined Square Mile Investment Consulting and Research as director of business development.

Newton Investment Management is expanding its multi-asset range with the launch of a Multi-Asset Income fund on 4 February.

Optimism among investment managers has stalled for the first time in three years, according to a survey by the Confederation of British Industry and PricewaterhouseCoopers.

Partnership Assurance Group, the enhanced annuity specialist, has scrapped plans to issue bonds despite "significant interest" from investors.

Asian equities sold off overnight and investors rushed for safe havens as markets continued to react to a shock move by the Swiss National Bank (SNB) yesterday to remove the Swiss franc's peg to the euro.

American economist Jeffrey Sachs has urged investors to add socially responsible firms to their portfolios in 2015, as consumers become more aware of companies' social and environmental credentials.

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