News

BlackRock's Catherine Raw, co-manager of the group's World Mining trust, is to exit the business next month.

Sterling slumped against the US dollar after the Bank of England's chief economist Andy Haldane said the UK has an equal chance of seeing a rate cut as a rate hike, contrary to consensus expectations.

A former trader has become the third person to be sentenced in what marked the end of the first phase of the regulator's "largest and most complex insider dealing investigation" to date.

Investec Asset Management's John Stopford has begun hedging US equity exposure in his Diversified Income fund, despite this part of the portfolio being the most significant contributor to performance last year.

The firms vying to be the new Nutmeg

Several years on from launch, retail fund buyers are showing increasing interest in a strategy which seeks to bridge the gap between passive and high alpha portfolios.

Old Mutual Wealth has hired Openwork's chief executive Mary-Anne McIntyre as chief distribution officer.

The FTSE 100 has hit a fresh record high after the US Federal Reserve signalled renewed caution on its path towards raising interest rates from their record lows.

Global macro funds could receive a performance boost following a difficult year, as divergent central bank policies create a favourable environment for top-down investing, according to GAM's Charles Hepworth.

Commentators have warned Chancellor George Osborne's new rules for VCT,EIS and SEIS investments, announced in today's Budget, could create confusion and crowding in certain parts of the market.