News

J.P. Morgan Asset Management (JPMAM) is soft-closing its offshore European long/short fund as inflows into the product soar, just months after it closed a separate European equity portfolio.

Fund groups should focus more attention on the need for active UK equity funds that are overweight large caps, according to Andrew Summers, head of fund research at Investec Wealth & Investment.

Steve Webb believes his most notable achievement in five years as pensions minister has been the state pension reforms but fears his infamous Lamborghini comment could be his legacy.

Brooks Macdonald Asset Management has appointed Vestra Wealth's Jim Mackie as an investment management director.

Kames Capital is to launch a Global Absolute Return Bond fund for John McNeill, Sandra Holdsworth and Nick Chatters as its original offering faces capacity constraints.

Growing concern over co-investor risk is leading some buyers to turn away from pooled vehicles entirely in a bid to reclaim control of their investments.

Graham Ashby former head of UK equities at Ignis Asset Management, has replaced Richard Moore as manager of two equity funds at Santander Asset Management.

Former Old Mutual Asset Managers(OMAM) chief investment officer Eoin Murray has joined Hermes as head of its investment office.

Aberdeen Asset Management has appointed Mike Brooks from Baillie Gifford as co-lead manager on its Diversified Growth strategy, alongside Mike Turner.

Banking giant HSBC helped wealthy clients dodge paying millions in tax to UK authorities, the BBC has reported.