News

Baring Asset Management has promoted Rod Aldridge to head of wholesale distribution for EMEA following the departure of Oliver Morath.

Prudential chief executive Tidjane Thiam has been named as the surprise new head of Credit Suisse.

Neil Woodford has introduced a currency hedge on his Woodford Equity Income fund for the first time in the belief the European Central Bank's QE programme may prompt further euro weakness.

The European Central Bank may be forced to buy investment grade corporate debt in an expansion of its QE programme, according to M&G fixed income manager Richard Woolnough.

The government is to force tax avoidance schemes to reveal they are being monitored by HM Revenue & Customs (HMRC) as part of its wider clamp down on tax crime.

ETF provider iShares has temporarily cut fees on its ultra-short bond range in response to client demand for cash alternatives.

Quantitative easing in the eurozone and inelastic demand from institutions have been blamed for the latest bond market rally to catch out some investors.

A former IFA has been jailed for ten years for defrauding investors of at least £3.5m in what has been branded a "classic Ponzi scheme".

Ross Teverson, Jupiter's global emerging markets (GEM) head of strategy, has introduced formal sector analysis responsibilities across the team for the first time and scaled back the number of holdings in his new portfolios.

The Investment Association's plans to reorganise the Unclassified sector may lead to advisers reaching "dubious conclusions" on funds, according to Old Mutual Global Investors' John Ventre.