News

Nine Aberdeen funds have made Tilney Bestinvest's 'dog list' of underperforming funds, as the SWIP acquisition and a US underweight in its global funds dragged on performance.

Vestra Wealth has hired three investment managers, all specialising in global multi-asset portfolios, from UBS and Julius Baer.

Boutique wealth manager Dart Capital has acquired IFA Waterson Jones, adding £150m to its total asset base.

Zurich has expanded its platform offering to include a discretionary fund management service for the first time.

Investec Wealth and Investment CIO Chris Hills and Schroder UK Mid Cap director Rachel Beagles have joined the board of the Association of Investment Companies.

Advice to invest in a troubled unregulated overseas property scheme has helped push 24 firms over into failure, the Financial Services Compensation Scheme (FSCS) has said.

Billionaire investor George Soros is finally retiring from fund management at the age of 84 to focus on political philanthropy.

Invesco Perpetual Income manager Mark Barnett has been buying BP on recent price weakness but said it may be "too late" to build a stake in Tesco.

Market participants have reacted with a healthy dose of scepticism to the European Central Bank's long-awaited quantitative easing programme, saying the move may not be enough to revive the struggling eurozone economy.

Miton Group lost a third of its assets under management over the course of last year, as a result of selling off part of its business and continued outflows.