News

The board of the Pacific Assets trust, managed by First State's Asia team, will scrap its performance fee, following the lead of a number of other vehicles in the closed-ended space.

Bank of England Governor Mark Carney has warned the eurozone could sink further into its 'debt trap' as austerity measures choke off growth.

Charlie Long and Nick Judge boosted the performance of the £304m GLG UK Select fund in 2014, after a rocky second quarter forced them to review the fund's risk management processes.

Legal & General Investment Management fund manager Justin Onuekwusi is considering adding Russian bond exposure to the £200m Multi-Index fund range for the first time.

Royal Dutch Shell is planning to slash its spending by $15bn over the next three years, following a collapse in the oil price.

Standard Life Investments' GARS team have outlined their key themes and strategies as the £20bn fund positions for the year ahead.

BNY Mellon Investment Management is set to change the names of two of its funds, the Newton Global Higher Income and Higher Income, and scrap the yield discipline on the latter.

Greek bank shares have tumbled as the country's new prime minister Alexis Tsipras told his first cabinet meeting he will "radically change the way that policies and administration are conducted".

Angry investors are planning legal action against the regulator in a bid to claw back losses they claim its predecessor caused when it branded their traded life settlement investments "toxic".

Retail fund sales last year were at their highest level since 2010, according to the latest figures from the Investment Association (IA).