News

Crispin Odey's flagship portfolio sustained heavy losses last month after the manager appeared to be caught out by a move in the Australian dollar.

M&G has reported a rise in UK retail outflows for the first quarter, and acknowledged the outlook for future flows remains "uncertain".

Smith & Williamson has hired two former co-leads of global equities at Pictet to take over its American trust as Tana Focke retires after 20 years at the helm.

Troy Asset Management is to take over from Taube Hodson Stonex (THX) as manager of the Electric & General global equity fund.

Baillie Gifford's Ian Tabberer, manager of the £475m American fund, has left the firm.

Tavistock Investments has taken over Duchy Independent Financial Advisers, continuing a wave of consolidation in the IFA market.

Legal & General is focusing on new areas including lifetime mortgages and equity release in the face of falling individual annuity sales following the pension reforms.

J.P. Morgan Asset Management's Andreas Michalitsianos argues the government's pension reforms have driven long-dated sterling corporate bond issuance to the point of extinction.

The manager of the £1.9bn Newton UK Income fund is running close to his maximum overseas allocation in an effort to mitigate the risks to the fund from the upcoming UK election.

The Financial Conduct Authority (FCA) has issued a warning to investors about four firms that are unauthorised clones of legitimate businesses.