News

Charles Stanley's William Tong has joined Waverton Investment Management's managed funds team as business development manager.

Legal & General Investment Management(LGIM) has appointed Omar Saeed as lead manager of its flagship Dynamic Bond Trust, nine months after the departure of Richard Hodges.

Neil Woodford has made a new investment in AJ Bell via a fundraising round which ensures the Invesco Perpetual-backed platform will remain a private company.

The co-chief executive of Deutsche Bank have stepped down from their position, weeks after the bank was fined a record £1.7bn for manipulating LIBOR.

Investment Week publisher Incisive Media is to acquire risk technology business Chartis Research.

UK Smaller Companies trusts were among the best performers last month, after the political uncertainty of the general election subsided.

Old Mutual Global Investors has dropped PIMCO as sub-adviser on its Total Return fund in favour of former manager Bill Gross, now at Janus Capital.

Hexam Capital Partners is to close majority shareholder Bryan Collings' onshore Global Emerging Markets fund after assets shrunk to an uneconomical level.

Lyxor Asset Management has joined forces with boutique firm Corsair Capital Management to launch a new alternative strategy with daily liquidity.

AXA Investment Managers' former fixed income head Theo Zemek has taken up a new non-executive role at BlackRock.