Investment

Hargreaves Lansdown has selected Smith & Williamson and Brooks Macdonald as its preferred partners for bespoke discretionary asset management services.

Regina Borromeo has more than doubled exposure to mortgage-backed securities in the Legg Mason Income Optimiser fund since the start of the year as a play on the housing recovery in Europe.

Nick Gartside, co-manager of the JPM Strategic Bond Fund, has said that a divergence in central bank policies could lead to more diverse returns for fixed income investors in future.

Old Mutual Wealth has appointed former Rathbone Brothers chief executive Andy Pomfret as a non-executive director.

PSigma Asset Management has suffered further outflows following news of Bill Mott's retirement, after an institutional client withdrew from an income mandate.

Cofunds is planning to review the language of a client letter after an adviser slammed its 'provider speak'.

A top regulatory lawyer has warned the Financial Conduct Authority (FCA) could eventually ban all forms of corporate entertainment by asset managers.

Last week Bill Gross quit PIMCO - the firm he founded - to join Janus Capital in a move which had ramifications for many investors. Now as outflows on his PIMCO Total Return fund mount, where should investors turn?

Chelverton Asset Management has revealed some of the stocks the group expects will power its new UK Equity Growth fund when it launches later this month.

Tesco's third largest shareholder Warren Buffett has described his investment in the supermarket as a "huge mistake".