News

As the US Federal Reserve finally turns off the money printing presses, veteran investor Bill Gross has warned the global economy cannot survive without the support of quantitative easing.

The head of Investec Asset Management's value team, Alastair Mundy, is holding on to his out of favour gold positions on expectations of an upcoming bear market.

River & Mercantile is to launch a micro-cap investment trust for manager Philip Rodrigs.

Old Mutual Global Investors has appointed former Ignis manager Allan MacLeod as head of international distribution.

Royal London Asset Management (RLAM) chief investment officer Robert Talbut is to depart the company at the end of the year, with Kames Capital's Piers Hillier set to succeed him.

L&G UK Alpha trust manager Richard Penny has set a £500m cap for the fund as it rises up the performance tables.

Jupiter managers Philip Ehrmann and Kathryn Langridge are to leave the company as it reshuffles its emerging markets team, Investment Week can reveal.

Woodford Investment Management topped the sales chart in the third quarter, despite subdued inflows into funds across the board, according to the latest Pridham Report.

HSBC has put aside $378m (£236m) to cover the cost of an investigation into foreign exchange manipulation and reported third-quarter profits that missed forecasts.

AFH Financial has acquired the assets of Cornwall financial planning business Knight O'Bryne for a possible £1.2m.