News

Former Carmignac head of emerging market equities Simon Pickard and colleague Edward Cole are to join Man GLG.

Insurer Aviva has introduced a "proactive retention programme" in a bid to stem the loss of funds from its asset management business.

AXA Wealth reported record inflows to its wrap platform Elevate in the month before the 6 April introduction of widespread pension reforms, taking total assets beyond £10bn and pushing the group's overall funds under management (FUM) closer to the £30bn...

The Bank of England has admitted to making errors in its reporting of foreign investors' purchases of UK government bonds in recent weeks.

Equity markets have begun to recover after an early slump driven by a plunge in German sovereign debt prices.

Charles Stanley is in exclusive talks to sell its securities business to stockbroker Panmure Gordon, putting an end to rumours US firm Stifel Financial was the likeliest buyer.

Crispin Odey's flagship portfolio sustained heavy losses last month after the manager appeared to be caught out by a move in the Australian dollar.

M&G has reported a rise in UK retail outflows for the first quarter, and acknowledged the outlook for future flows remains "uncertain".

Smith & Williamson has hired two former co-leads of global equities at Pictet to take over its American trust as Tana Focke retires after 20 years at the helm.

Troy Asset Management is to take over from Taube Hodson Stonex (THX) as manager of the Electric & General global equity fund.