News

WH Ireland's pre-tax profits have fallen 70% after a year of restructuring, but assets under management in its wealth division rose healthily.

Adviser firm consolidator AFH Financial Group has acquired the assets of CIB Wealth Management, including its five advisers and principal, in a deal worth up to £973,000.

Jupiter's Stephen Mitchell has taken over management of Simon Somerville's Global Managed fund and plans to overhaul the portfolio.

Rob Burnett's decision to retain a contrarian position to peripheral banks in his Neptune European Opportunities fund has dragged on performance in recent years.

Lloyds Banking Group is finally beginning to look attractive again for income managers as it restarts dividend payments for the first time since the crisis.

Invesco Perpetual scooped the award for best group at the Lipper Fund Awards held in London last night.

Monetary policy changes have prompted Parmenion to adjust the European and UK equity weightings in its tactical portfolios.

Old Mutual Global Investors has more than doubled its adjusted operating profit in 2014, while assets under management jumped 31%.

Lloyds Banking Group is to start paying dividends again for the first time in six years, set to be 0.75p per share for 2014.

Carmignac Gestion's head of emerging equities Simon Pickard has left the business to pursue "personal projects".