News

Magnus Peterson, head of the collapsed Weavering hedge fund that took £354m of investor cash, has been sentenced to 13 years in jail after being found guilty of several offences.

Ecclesiastical's Robin Hepworth has said fears the upcoming general election will have a detrimental impact on the UK equity market are overstated.

L&G Investment Management (LGIM) has restructured its senior team to reflect a pair of new roles, a retirement and several promotions.

Investors who lost money in failed property scheme Arck may finally find out if they will receive compensation when the Financial Services Compensation Scheme (FSCS) issues an update in March.

Mike Gush has been promoted to co-manager on Baillie Gifford's Emerging Markets Growth fund alongside Richard Sneller.

The Shanghai Composite has closed down 7.7% this morning, its biggest loss in over six years, after a crackdown on margin lending at domestic brokerages.

J.P Morgan Asset Management Jamie Farquhar has joined Square Mile Investment Consulting and Research as director of business development.

Andrew Thompson, formerly head of strategic distribution at Sarasin & Partners, has joined John Duffield's Brompton AM as head of multi-asset sales.

Aviva's £5.1bn acquisition of Friends Life could see as many as 1,500 jobs cut, the company has said.

Listed financial services group Tavistock Investments has agreed to buy Standard Financial Group, the parent company of adviser network Financial, in a bid to grow the size and reach of its advisory business.