News

Kames Capital has expanded its absolute return range with the launch of two new mandates for David Griffiths and David Pringle.

US stocks posted their largest one-day gain this year as the latest meeting minutes from the Federal Reserve suggest it may adopt a more cautious stance on hiking interest rates.

Polar Capital has reported a 1% rise in AUM over the six months to end-September as outflows from its Japanese equity fund held back asset growth.

Fidelity Worldwide Investment has appointed Barclays Wealth boss Peter Horrell as managing director of its UK business.

The UK mid-cap index still look pricey despite a sell-off which has left it down 7.5% year-to-date, according to Invesco Perpetual's head of UK equities Mark Barnett.

Markets in the US fell overnight, after the International Monetary Fund (IMF) cut its forecast for global growth for the next two years.

Liontrust's assets under management are to climb above £4bn imminently after the group won a £320m UK equity income mandate.

Two directors of HSBC's UK arm are poised to quit in protest at new Bank of England rules that pave the way for lengthy jail sentences to be imposed on senior managers of failed lenders, according to reports.

Schroder UK Opportunities is understood to have seen outflows totalling 30% of assets since Julie Dean resigned on 8 September and handed the portfolio to Matt Hudson.

The Wealth Management Association (WMA) has announced a strategic review to improve its services to members.