News

James Harries is increasing exposure to oil and gas stocks in his Newton Global Higher Income fund, having compared the investment opportunities in the sector to those in the mining industry a few years ago.

Goldman Sachs has sought to reassure clients spooked by the recent falls in tech stocks, saying the US is unlikely to suffer a 2000-style crash.

Standard Life Investments' small cap manager Ken Nicholson has left the firm after fifteen years.

Old Mutual is reviewing Intrinsic's risk-rated Cirilium proposition in a move which could see it take over the range from Henderson.

The Financial Conduct Authority (FCA) has won a Court of Appeal victory over a land banking scheme but said it is unlikely investors will get back all of their cash.

Neuberger Berman has appointed former AXA IM manager Andrew Wilmont to head its Euro high yield team.

Fund buyers have been selling down their exposure to Hugh Hendry's Eclectica Absolute Macro fund after his performance downturn accelerated at the start of 2014.

The Iveagh name is to vanish from the investment world in the near future after the group agreed a deal with City Financial which will see the latter buy its fund range this year.

BlackRock has cut the annual management charge (AMC) on its Natural Resources Growth & Income fund after a review of its pricing.

The FTSE 100 was down nearly 1% this morning, while gold was in the ascendency, as investors sold down BP amid the latest developments in Ukraine.