News

European fund management giant Carmignac Gestion is expanding its UK hub after moving a senior investment manager over to the London office.

Sterling will continue to strengthen this year as investors continue to price in an earlier-than-expected rate rise, according to currency group ECU's head of trading and execution.

Japan's Nikkei has dropped another 2.5% overnight as equity markets move further into the red following a fresh tapering announcement from the US Federal Reserve.

A series of shock rate hikes have failed to prevent a fresh sell-off in emerging market currencies, with developed market equities including the FTSE 100 also caught in the storm.

Advisers are being urged by Nucleus to adopt a phased approach to platform due diligence ahead of the introduction of new rules on 6 April, with pricing ranked as the least important consideration.

The Financial Conduct Authority (FCA) has banned former BGC Partners senior executive Anthony Verrier due to concerns over his integrity, after he was found to have poached former colleagues from a rival firm.

Nick Train has warned investors in his Finsbury Growth & Income trust not to expect a repeat of 2013 returns this year, saying his "jaw-dropping" outperformance may be about to end.

An independent Scotland would have to compromise its sovereignty if it wants to remain in a sterling-based currency union, BoE governor Mark Carney has warned.

Invesco Perpetual's Mark Barnett has said he will take an ‘unpredictable' approach to mitigating potential outflows when he takes over Neil Woodford's equity income funds in April.

UK funds under management hit a record high in 2013, while sales of equity funds tripled from 2012, Investment Management Association data has revealed.