News

F&C is handing over the management of its Global Emerging Markets fund to sister company LGM Investments, following the integration of their emerging markets teams last year.

Tilney Bestinvest has removed its currency euro and yen hedges in the belief that the macroeconomic factors driving weakness in the currencies have now subsided.

Analysts have expressed concerns about the disclosure policies of some specialist investment trusts as investors continue to pile into alternative assets.

Walker Crips has hired Tony Manning from JM Finn as an investment manager, as it continues the expansion of its investment division.

AXA IM has launched a quant-based global emerging markets strategy focusing on smaller companies.

Wealth management firm Myddleton Croft has promoted former BNY Mellon/Newton retail sales head Julie Jones to managing director, as chief executive David Cowell moves to a chairman role.

Risk assets have regained some ground but equities remain deep in the red after a tumultuous weekend in Greece saw it impose capital controls after calling a surprise referendum over creditors' final bailout demands.

Wealth manager Towry is again considering plans for an initial public offering, according to reports.

Prudential chair Paul Manduca has joined the board of the Templeton Emerging Markets trust as its chairman steps down after more than a decade with the company.

The unresolved Greek debt crisis has put renewed pressure on the FTSE 100 this morning, negating the effects of the rally in supermarkets stocks on back of Tesco's Q1 results.