News

AXA Investment Managers has handed its onshore emerging markets fund, previously managed by head of emerging markets Julian Thompson, to Ian Smith and Paul Birchenough in a team reshuffle.

Insurer Aviva has launched a direct to consumer (D2C) platform giving consumers access to a general investment account, and ISA and a self-invested personal pension (SIPP).

The Investment Association (IA) has reopened discussions with members over how to reorganise its sector classification system after an initial consultation proved inconclusive.

Ecclesiastical Investment Management has rebranded to EdenTree Investment Management in an effort to emphasise its socially responsible investment offering.

Sebastian Lyon's £2.6bn Troy Trojan fund has been labelled "the biggest disappointment" in Chelsea Financial's biannual RedZone list of underperforming funds.

Aberdeen Asset Management is to issue £100m of non-voting preference shares to Mitsubishi UFJ Trust and Banking (MUTB) in order to raise money for future fund launches.

The FTSE 100 has opened 0.5% lower, with European stocks deeper in the red, after Greece's bailout talks with creditors broke down overnight.

Some of the UK's largest asset management firms are preparing to quit their London bases if the country votes to leave the European Union, according to reports.

The Financial Conduct Authority's (FCA) former director of supervision is joining the board of J.P. Morgan's international private bank as a non-executive director.

Hermes Investment Management has added to its fixed income range with the launch of an Absolute Return Credit fund.