News

Fund buyers have called for more transparency on passive fund costs not contained within the ongoing charges figure (OCF) - even as a price war cuts headline fees to record low levels.

Neptune's Robin Geffen has predicted a further sharp fall in the value of sterling against the dollar as he positions his portfolio for a fresh surge in the US currency.

Baring Asset Management has rebranded its multi-asset Portfolio fund as the more flexible Dynamic Capital Growth fund in a bid to make it more attractive to pension savers.

Legal & General Investment Management has seen significant outflows from its UK index funds in the first nine months of the year, which had a negative impact on overall inflows into the business.

Challenger bank Virgin Money has priced its shares at the bottom of their range as it relaunches its delayed IPO.

As the US Federal Reserve finally turns off the money printing presses, veteran investor Bill Gross has warned the global economy cannot survive without the support of quantitative easing.

The head of Investec Asset Management's value team, Alastair Mundy, is holding on to his out of favour gold positions on expectations of an upcoming bear market.

River & Mercantile is to launch a micro-cap investment trust for manager Philip Rodrigs.

Old Mutual Global Investors has appointed former Ignis manager Allan MacLeod as head of international distribution.

Royal London Asset Management (RLAM) chief investment officer Robert Talbut is to depart the company at the end of the year, with Kames Capital's Piers Hillier set to succeed him.