News

BNY Mellon is set to acquire US-based fixed income and solutions specialist Cutwater Asset Management, bolstering Insight Investment's capabilities in the process.

Mark Williams, manager of the Liontrust Asian Income fund, says the 6% fall for the Aussie against the dollar last month may just be the start of the bad news for the country's economy.

Electra Private Equity shareholders have rejected activist investor Edward Bramson's attempts to force a change in the board and running of the company.

Former Ignis manager Ian Ormiston has joined Old Mutual Global Investors to develop and run a new European Smaller Companies fund.

Evan Bauman, co-manager of the $3.2bn (£2bn) Legg Mason ClearBridge US Aggressive Growth fund, is still seeing value in blue-chip biotechnology firms in the US despite the huge rally in the wider sector.

Bravura is understood to be in pole position to win the technology contract to power Cofunds, following months of negotiations, in a switch which would see it replace International Financial Data Services (IFDS).

Aberdeen Asset Management's purchase of SWIP has landed it with the largest number of products in Chelsea Financial Services' latest underperforming fund rankings - but it has avoided inclusion in the firm's 'DropZone' list.

Brooks Macdonald International has appointed Darren Zaman as chief executive of its offshore business.

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