News

Pictet Asset Management has upgraded its European exposure to a full overweight, following the resolution of a Greek bailout deal and positive expectations for future earnings.

Legal & General Investment Management (LGIM) has seen a 12% jump in assets under management, boosted by the expansion of its international business in the first half of the year, despite a fall in advisory assets.

UK economic growth will slow down in the third quarter of the year, the National Institute of Economic and Social Research said, halving a previous estimate.

Speculative investors such as hedge funds stocked up on as much as 60% of the shares released in yesterday's RBS sale as they took advantage of the bargain price offered by the government.

SVM's Hugh Cuthbert, co-manager of the All Europe SRI fund, has said the investment case for traditional utilities companies has come to a permanent end.

Wealth manager Brooks Macdonald has promoted Andrew Shepherd, joint managing director of its asset management business, into the new role of deputy chief executive with immediate effect.

Aberdeen Asset Management has agreed to acquire US hedge fund provider Arden Asset Management in the latest bid to grow its alternatives platform.

EQ Investors, the boutique wealth manager led by Bestinvest founder John Spiers, has launched an investment service for high-net-worth individuals, companies and charities with over £750,000 to invest.

The IA Japan sector is home to the most consistent fund performers over the past three years, according to the latest research by F&C's multi-manager team.

Miton's David Jane has revealed the extent of the challenge he faced following his takeover of the group's multi-asset funds from previous manager Martin Gray last year.