News

Wealth manager European Wealth has completed the £3m acquisition of IFA business ISM Solutions it announced in its annual results in May.

Ten funds producing red hot returns in 2015

Janus Capital has acquired fixed income asset manager Kapstream Capital, in a move which sees Bill Gross gain a co-manager on his Unconstrained Bond fund.

Hermes has appointed Patrick Marshall as head of private debt and CLOs, as it looks to develop its offering in the area.

Standard Life Investments has expanded its multi-asset team with the hire of BNP Paribas' Gerry Fowler.

Platform group Allfunds Bank has hired Simon Shapland to head up its UK and Ireland business, following the departure of UK managing director Stephen Mohan.

Invesco Perpetual has hired a dealer and two analysts to work alongside heads of fixed interest Paul Causer and Paul Read.

Polar Capital has added a second European Income fund to its range due to investor demand for a product that excludes UK stocks.

The Bank of England's Financial Policy Committee (FPC) has asked for more detail on how fund groups are guarding against liquidity risks, as policymakers step up their scrutiny of asset managers.

The FTSE 100 has made back some of its heavy June losses after a leaked report suggested Greece is ready to back down in negotiations with its creditors.