News

BlackRock pipped Woodford Investment Management to be the top-selling fund group of 2014, in large part due to the popularity of its index funds, according to the latest Pridham Report.

Aberdeen Asset Management may be among the bidders for Russell Investment Management, the $260bn asset manager put on the block by London Stock Exchange Group, according to analysts at Numis.

An IFA and the directors of banking giants Goldman Sachs and Lloyds will head up the panels that raise the industry's voice on policymaking to the ear of the regulator.

Standard Life has bought advice firm Pearson Jones from Skipton Building Society as it moves to capitalise on the demand for pensions advice.

Guinness founder and CIO Tim Guinness has said the problems in Greece will not spark a fresh banking crisis even if the beleaguered nation is forced to exit the euro.

Investment Quorum has unveiled a series of funds it is backing to navigate currency wars and unpredictable central bank action in 2015, said the group's CIO Peter Lowman.

Woodford Investment Management (WIM) is seeking to raise an initial £200m for the launch of the Woodford Patient Capital investment trust, a portfolio of 50-100 quoted and unquoted businesses.

Billionaire investor Warren Buffett is on course to win a $1m bet that the humble index tracker will produce better returns than a complex hedge fund.

Research firm FundCalibre has ranked Unicorn as the top-performing equity house of the past five years, with Old Mutual Global Investors (OMGI) topping a ranking of generalist managers.

Canaccord Genuity has criticised 'complacent' investment trust boards in a new report, suggesting they must modernise if they are to compete effectively in the funds market.