News

T Rowe Price's Luis Faňanas has joined J.O. Hambro Capital Management ahead of the launch of a new European Concentrated Value fund later this month.

The fund management industry is "ripe for investigation" regarding pay packages, according to the Institute of Directors (IoD).

Bestinvest founder John Spiers has hired a six-strong team for the launch of a new investment service at his recently acquired wealth management business, EQ Investors.

Restricted advice group Towry is evaluating its house view on structured products and investment trusts following its acquisition of national IFA Ashcourt Rowan, in a move which could see the combined business registered as independent.

Major Sports Direct shareholder Crispin Odey has criticised the FTSE 100 firm's 14-month delay in appointing a finance director as a "big concern".

The Financial Conduct Authority (FCA) and Department for Work and Pensions (DWP) have added to disclosure pressures by asking whether forthcoming reporting requirements for pension schemes should be extended to fund groups themselves.

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.