News

Figures from the AIC show that 45% of investment trusts have now had the same manager for at least a decade, with a select few having been in charge for a quarter century.

Beating the US market will remain a challenge for active managers until the Federal Reserve's policy on interest rates is clear, according to RWC's Mike Corcell, manager of the long/short US Absolute Alpha fund.

LGIM multi-asset fund manager Justin Onuekwusi has upped his cash weightings to their highest ever levels, on fears that tighter US monetary policy will prompt greater market volatility.

Heartwood Investment Management has hired Marian Black from Baring Asset Management to head up its investment marketing.

Pictet Asset Management is aiming to "create noise" with its first onshore product for UK investors, a lower cost multi-asset fund for Percival Stanion and team.

Interest rates in the UK could rise as early as August in response to a tightening labour market, according to Monetary Policy Committee member Martin Weale.

Broker Stifel has recommended investors sell Neil Woodford's Patient Capital trust due to its share price trading at a high premium to NAV.

The Financial Conduct Authority (FCA) has defended the methods it uses to calculate advisers' contribution to its annual costs as fair and proportionate, as it confirmed a 10% hike for firms for 2015-2016.

Standard Life Investments' Ed Legget is to join Artemis ahead of the planned retirement of the group's Tim Steer, Investment Week can reveal.

Hargreaves Lansdown has launched a low-cost retirement planning service aimed at filling the advice gap between Pension Wise and regulated financial advice.