News

The Upper Tribunal has upheld a Financial Conduct Authority decision to fine a fund manager £89,000 for not doing more to prevent a client from committing market abuse.

Wealth managers are reducing their exposure to hedged share classes in their Japanese fund holdings, in the belief that further yen depreciation now looks less likely.

US jobs growth accelerated again in February as the country added 295,000 new roles, according to the Bureau of Labor Statistics.

Investors are not receiving adequate information on the extent to which funds are being levered up through the use of derivatives, a review by the Financial Conduct Authority (FCA) has found.

Retail fund management is "out of control" and should borrow ideas from the institutional sector to radically reorganise, Nucleus chief executive David Ferguson has said.

Threadneedle is to push ahead with plans to convert its UK Property Trust to a more tax-efficient structure.

HSBC Global Asset Management's chief executive Andy Clark is ruling out introducing preferentially priced share classes, saying they are akin to "endorsements" of individual platforms.

Signia Wealth has hired three former employees to form a new senior management team as CIO Chris Godding and investment strategist Gautam Batra depart the business.

Threadneedle is to merge its multi-manager range into funds run by Seven Investment Management (7IM), with two managers set to move across as part of the deal, Investment Week can reveal.

Alliance Trust has cut its ongoing charges figure (OCF) by 20% as part of its focus on cost-cutting.