Financial regulators in the US are warning investors and advisers to beware the limitations of automated investment tools.
A "combination of politics and pensions" contributed to slower sales across platforms in the first three months of the year, with the year-on-year (YOY) asset growth rate also receding, according to research.
Multi-asset survivors: The six funds still loved after a decade
Hargreaves Lansdown entered the top five groups by net retail sales in the first quarter following a spate of multi-manager launches, according to the latest Pridham report.
Hargreaves Lansdown has raised £94m for the latest addition to its multi-manager range, an Asia and emerging markets fund.
Alliance Trust's agreement to appoint two of the non-execs proposed by Elliott Advisors has been proclaimed a victory for the hedge fund, but the trust's future direction remains up in the air.
Peter Hargreaves and Stephen Lansdown have dropped down the annual Rich List rankings after a tough 2014 for Hargreaves Lansdown shares.
Tesco shares have sunk 5% this afternoon as investors took an increasingly dim view of its £6.4bn full year loss.