News

Close Brothers saw its assets under management creep higher in the five months to 31 December 2013, while broker arm Winterflood saw performance improve.

BNY Mellon Fund Managers is changing the name and investment remit of the BNY Mellon American fund, managed by its US subsidiary the Boston Company Asset Management.

D2C platform Charles Stanley Direct reported a net revenue increase of just £3,000 in 2013, blaming rising industry costs, but the wealth manager saw revenues jump 18% overall as AUM hit a record £20bn.

The Governor of the Bank of England has indicated his policy of linking interest rates to unemployment could be scrapped less than six months after its creation.

Fundsmith founder and City financier Terry Smith is planning to launch an investment trust focusing on emerging markets.

Miton Group has agreed to sell its Liverpool-based funds business, Miton Capital Partners to Seneca Investment Managers in a £6m deal.

Arch Financial Products' chief executive Robin Farrell and compliance director Robert Addison have hit back at allegations they lied in court, saying these were false and unfair.

Brown Shipley has become the latest group battling for Jupiter Asset Management's wealth arm, according to sources.

GLG's new recruit Henry Dixon has said the dual combination of rotation out of fixed income and the return of M&A could drive UK equities to new highs this year.

Threadneedle head of US equities Cormac Weldon and fellow team member Stephen Moore are to join Artemis to launch a US equities franchise.