News

Investment Week publisher Incisive Media is to acquire risk technology business Chartis Research.

UK Smaller Companies trusts were among the best performers last month, after the political uncertainty of the general election subsided.

Old Mutual Global Investors has dropped PIMCO as sub-adviser on its Total Return fund in favour of former manager Bill Gross, now at Janus Capital.

Hexam Capital Partners is to close majority shareholder Bryan Collings' onshore Global Emerging Markets fund after assets shrunk to an uneconomical level.

Lyxor Asset Management has joined forces with boutique firm Corsair Capital Management to launch a new alternative strategy with daily liquidity.

AXA Investment Managers' former fixed income head Theo Zemek has taken up a new non-executive role at BlackRock.

Sanlam UK has acquired Caerus Portfolio Management as part of a deal which will see it take a 20% stake in the Caerus adviser network.

The Financial Conduct Authority (FCA) has looked east for its new head of enforcement, bringing in the man who currently heads up the same division for the Hong Kong regulator.

One of the early pioneers of multi-manager investing and risk profiling, Phil Morse, has passed away after a short illness.

Lloyds Banking Group has been hit with a record £117m fine by the Financial Conduct Authority for mishandling of payment protection product complaints.