News

Ben Yearsley, formerly head of investment research at Charles Stanley Direct, has taken on a non-executive role at Plymouth-based IFA Shore Financial Planning.

City Financial is to acquire the multi-asset range of Investec Wealth & Investment, bringing a further £204m in assets to the company.

A study by Henderson Global Investors has found the majority of investors supported performance fees on funds, despite an industry-wide trend for scrapping them.

As Richard Buxton becomes chief executive of Old Mutual Global Investors, Investment Week asks fund buyers whether he can combine the role with the management of his £2.3bn Old Mutual UK Alpha fund.

Former pensions minister Steve Webb has confirmed he is to join Royal London as director of policy and external communications.

Richard Buxton is to become the chief executive of Old Mutual Global Investors as Julian Ide steps down after four years.

Greece has finally reached a bailout deal with its lenders after 23 hours of talks, which will see a further €85bn package handed to the struggling country.

Crispin Odey is among hedge fund managers shorting Aberdeen Asset Management's stock on fears the latest £9.9bn outflows reported by the company spell further trouble ahead.

The first six months of 2015 have been a tale of two halves for asset managers, as some noted record inflows while others saw investors heading for the exit in droves.

Rathbone Unit Trust Management chief executive Mike Webb has urged advisers to consider the sustainability of fund performance when doing their due diligence, as he warned there is "still too much herding" going on in the market.