News

Richard Plackett is to take a six-month sabbatical from BlackRock, handing his portfolios to other members of the team.

Russian shares dropped to a five-year low yesterday, weighing on global markets, while the gold price jumped as the Ukraine crisis intensified.

Jeremy Tigue is to step down from the £2.4bn Foreign & Colonial trust as he prepares to retire at the end of the year.

Majedie Asset Management has shut its Tortoise equity long/short fund to existing investors after the vehicle reached its capacity limit, Investment Week can reveal.

Invesco Perpetual is launching a new discounted share class for five of the UK's largest platforms, offering their users cheaper access to its fund range, Investment Week can reveal.

Platform Allfunds Bank has appointed Anna Graziano from technology company Calastone as head of operations and proposition, completing its UK team.

Hargreaves Lansdown has confirmed a number of its new discounted fund deals will be subject to HMRC's rebate tax, with only 9 of the 27 funds on its Wealth 150 Plus list available via preferentially priced share classes.

The Financial Conduct Authority (FCA) has declared itself pleased with platforms' progress towards meeting new rules due to be introduced next month, though it has highlighted some areas in need of improvement and called for "further progress" on re-registration....

Vanguard Asset Management has soft-closed two of its popular US equity funds to new investors.

First State has launched a local currency emerging market debt fund following the dramatic sell-off in the sector seen at the start of the year.