News

Tax planning specialist Octopus has hired Shaun Sandiford from AXA Elevate to head up its relationships with platforms.

M&G's Global Dividend fund has had a setback in performance this year as a number of stocks disappointed with dividend cuts, but manager Stuart Rhodes remains convinced the companies can increase payouts from here.

Artemis has opened the offer period for three of the five funds it intends to launch for the former Threadneedle US equities team led by Cormac Weldon and Stephen Moore.

The illiquidity and low volatility of micro-cap stocks has helped managers at the very bottom of the cap scale dodge the impact of this year's rotation into larger companies, buyers suggest.

Scottish fund managers have suffered outflows in recent months amid increased uncertainty over the outcome of the country's independence referendum.

Miton Group has completed its acquisition of David Jane's Darwin Investment Managers for an initial consideration of £1.35m.

The US Federal Reserve has created a committee to monitor financial stability and help prevent the emergence of asset price bubbles.

Polar Capital has launched a Healthcare Blue Chip fund as it expands the range run by Daniel Mahony and Gareth Powell's specialist team.

The Baring Multi-Asset fund has lost over half of its assets in a month after Andrew Cole, Percival Stanion and Shaniel Ramjee left the group.

The Investment Management Association has said there are signs the polarisation of fund flows is decreasing, despite consolidation across the distribution chain pointing to the opposite effect.