News

Aberdeen's head of global emerging market equities Devan Kaloo has admitted the significant underweight to Chinese equities - as well as an overweight to India - has hurt his flagship GEM fund so far in 2015.

Dexion Capital has been acquired by Australian boutique fund manager Fidante Partners for £19.6m.

Neil Woodford has criticised Chancellor George Osborne's cut to tax breaks for renewable energy after shares in his holding of Drax fell by over a quarter.

Schroders has appointed private equity specialist Rhian Davies to the board as an independent non-executive director.

Gregg McClymont, Labour's former pensions spokesman, has joined Aberdeen Asset Management as head of retirement savings.

Inflation falling back to zero should lead to a further boost in consumer spending throughout the rest of the year, according to industry commentators.

Housebuilders' shares have taken a dive in early afternoon trading after Bank of England governor Mark Carney said a hike in interest rates is "moving closer".

Square Mile Investment Consulting & Research's Richard Romer-Lee analyses the impact of another fund's departure from the Investment Association's UK Equity Income sector.

Miton has hired former JO Hambro Capital Management manager Carlos Moreno to lead a new European equities strategy for the firm.

Aviva Investors has moved its Property trust from offer to bid pricing after experiencing a period of net outflows for the product.