News

The International Monetary Fund (IMF) has warned global markets could be hit by turmoil worse than the 2013 'taper tantrum' when interest rates rise.

European property is offering a safe haven to investors facing up to negative bond yields, said Alban Lhonneur, manager of the F&C Real Estate Securities fund.

Fund administration firm Maitland has boosted its assets under administration from £6.2bn to £140bn by acquiring UK business Phoenix Fund Services.

HSBC Global Asset Management's Caroline Hitch is reducing exposure to equities in favour of credit in the firm's $8bn World Selection portfolios as she fails to find "compelling" valuations for shares.

The Financial Conduct Authority (FCA) has fined BNY Mellon £126m for failing to comply with rules ensuring the safe custody of client assets.

Traditional cautious vehicles have become "basically prehistoric" in their approach to portfolio construction, according to Tom Becket, chief investment officer at Psigma Investment Management.

Charles Stanley is to raise £15.8m through a share placing as part of plans to "modernise" and refocus the business following a strategic review.

Another shareholder body has added its voice to those recommending that Alliance Trust shareholders support the changes put forward by Elliott Advisors.

Old Mutual group chief executive Julian Roberts is to step down in the fourth quarter of 2015, to be replaced by Standard Bank executive Bruce Hemphill.

Jupiter has reported £872m in net inflows for the first three months of 2015, its highest quarterly figure since its initial public offering in 2010.