News

Polar Capital has seen a drop in assets under management following significant outflows from its range of Japan funds.

HSBC is the subject of a criminal investigation by French authorities over allegations of tax evasion at its Swiss private bank.

Monica Waller, co-founder of The Investment Network and the Aberdeen UK Platform Awards, has died after a short illness.

Woodford Investment Management (WIM) has increased the initial fundraising limit for its Patient Capital trust from £500m to £800m in response to investor demand.

Venture capital trust (VCT) fundraising reached a nine-year high in the last tax year, according to the data from the Association of Investment Companies (AIC.)

The pensions and ISA regimes should be unified as the next logical step in the evolution of UK savings culture, Michael Johnson has said.

Aberdeen Asset Management has launched four multi-asset funds for long-term investors following the introduction of pension freedoms this month.

AXA Investment Managers is to merge its Framlington Equity Income fund into the Framlington Monthly Income fund, subject to unitholder approval.

Retirement Planner, a sister title of Investment Week, has launched a new website dedicated to keeping advisers up to speed with the latest pension changes.

The International Monetary Fund (IMF) has said large funds are not the sole contributors to systemic risk issues and has called for asset managers to be subject to stress tests.