News

Waverton Investment Management has appointed former Kames Capital head Andrew Fleming as its new chief executive, following the departure of Hugh Grootenhuis.

Fund buyers are debating whether to sell out of the £4.4bn Newton Asian Income fund following the departure of Jason Pidcock, while asking if he can replicate his success at Jupiter.

The departure of Newton's Asian Income manager Jason Pidcock came as a shock to fund buyers earlier today, but what are the options for those wishing to move their cash?

Newton Investment Management's Jason Pidcock is leaving the group to set up an Asian income strategy at Jupiter.

Kames Capital has launched two new absolute return bond funds to provide investors with more options as its flagship fund nears capacity.

Investec has reported profits in its asset management business grew 3.6% over the year to the end of March 2015, as its CEO said the wider group is "in the best position it has been since the mid-2000s".

Tesco has said it "sincerely regrets" the accounting error which overstated profits by £263m and is forecasting volatile times ahead for the firm.

Gary Greenberg, head of emerging markets at Hermes, said fears over the impact of a US interest rate rise seem excessive and investors need to question the consensus.

John Bennett, head of European equities at Henderson, has said he wished he could increase his weighting to small caps in his open-ended funds, as they currently offer the "best value in Europe".

Matterley has launched the FP Matterley Bond Opportunities fund for the recently appointed Peter Geikie-Cobb.