News

A large proportion of funds in the IMA UK Smaller Companies sector have failed to produce alpha over the long term, amid a strong rally in small-cap stocks.

The Financial Conduct Authority (FCA) has fined HomeServe Membership Limited £30.6m in its largest ever retail fine for mis-selling.

Arch Financial Products' chief executive Robin Farrell has accused the funds' new manager of giving misleading statements in court.

Lloyds Banking Group posted a pre-tax profit in 2013 for the first time since its government bailout and plans to restart dividend payments in the second half of the year.

The Ruffer investment trust's protective assets have "earned their keep" so far this year, countering losses from its position in Japanese equities, the managers have said.

Arbitrageurs have renewed their attacks on the beleaguered hedge fund investment trust sector after discounts widened, putting a number of vehicles in danger of closure by the end of the year.

Henderson Strategic Bond fund manager John Pattullo has moved aggressively in to gilts in a bid to hedge against a worldwide deflationary shock caused by the chaos in emerging markets.

3i's head of its £1.2bn 3i Infrastructure trust, Cressida Hogg, has quit the firm to take on an unnamed role outside the group.

Active emerging market equity managers have been given a further incentive to invest ‘off benchmark' after recent market falls emphasised the role played by ETFs.

The Bank of England has today said it will not hike rates "for some time to come" - with the base rate potentially at 2% by 2017 - as governor Mark Carney begins to alter his forward guidance policy.