News

Leon Howard-Spink is to hand over his £1bn European Alpha Plus fund next month to focus on running pan-European portfolios, Investment Week can reveal.

The increased use of company shares to finance M&A activity may be a warning sign for investors that valuations are topping out, leading fund managers have said.

Legal & General Investment Management reported inflows of £3.8bn in the first quarter of 2014, down 19% from the same period last year, while individual annuity sales also tumbled.

A review into how the the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) reach decisions in enforcement cases has been opened by the government, amid concerns over fairness, independence and transparency.

City Financial has launched its own fund research service - The Adviser Centre - to help financial advisers select funds for portfolios.

Schroders has promoted global head of equities Peter Harrison to the vacant position of head of investment.

Newton Investment Management's veteran fund manager Iain Stewart said the past year has been the most difficult period he has experienced in almost three decades in the industry.

Technology fund managers have been rotating from smaller companies into mega caps following the sell-off seen across the sector over recent weeks.

It is "essential" clients are given prior notification when their fund holdings are converted to post-RDR 'clean' alternatives, but individual consent is not necessary, the Financial Conduct Authority (FCA) has outlined in finalised guidance on bulk transfers...

The "brutal" sell-off which has hit emerging markets for six since the start of the year is now at an end, Aberdeen CEO Martin Gilbert has said, with outflows from the group's fund range slowing.