News

Fund buyers have had a tough time choosing funds this year, as some of the best known portfolios in the UK have gone through manager changes.

Fund groups should be wary of using performance fees within their products to incentivise managers, Jupiter's vice chairman has warned.

Active funds

PIMCO founder Bill Gross, manager of the PIMCO Total Return fund, has quit the group to join Janus Capital.

Richard Plackett is to step back from his role as head of BlackRock's UK Small and Mid Cap equity team and will relinquish control of his two investment trusts when he returns from sabbatical.

Newton's Richard Wilmot, manager of the group's £1bn UK Equity fund, is to leave the company, Investment Week can reveal.

"Ostrich" investors who buy equities and ignore the risks may find their "day in the sun" is soon over, the managers of Ruffer investment company have warned.

UK markets opened lower Friday after a tough session in the US where stocks suffered sharp losses on the expectation of an imminent rate hike by the Federal Reserve.

Tony Yousefian is to join Albemarle Street Partners as an independent consultant from the beginning of October.

Neil Woodford has criticised his own industry for charging customers too much and paying managers too high a price for tracker-style performance, in an interview with the BBC.