News

Neil Woodford's Patient Capital Trust is to issue new shares in a tap issuance programme to satisfy 'excess demand' from investors.

China has surprised investors by weakening its currency almost 2% lower after a weekend of poor trade data, sending shockwaves through other Asian currency markets.

Old Mutual Global Investors is to open its first Scotland office in Edinburgh as a new home for Russ Oxley and his fixed income team.

Investment managers are expecting to see the first interest rate rise in the US in over six years in the next couple of months, but could we see a further round of quantitative easing instead?

Charles Stanley has added passive funds to its Foundation Fundlist of preferred vehicles for the first time, following a shakeup of the firm's research capabilities.

River & Mercantile's Dan Hanbury has been upping exposure to stocks from the "distressed" mining sector in his £257m UK Income portfolio, in the belief they offer "compelling" value following a further slump in commodity prices.

Mining stocks are dragging down the FTSE 100 index after weak trade figures in China have reignited worries about a slowdown in its economic growth.

Baring Asset Management has launched a multi-asset income fund for former Schroders manager Sonja Laud, targeting the UK retirement market.

Hargreaves Lansdown has hired Chris Hill as its new chief financial officer, ending the search for a replacement after Tracey Taylor left at the end of last year.

Lombard Odier Investment Managers is preparing to launch a catastrophe bond fund, making UCITS version of the vehicle available to retail investors in the autumn.