News

Angus Tulloch and Martin Lau, managers of the Scottish Oriental Smaller Companies trust, have bagged a performance fee of £1.7m over the year to the end of August.

Royal Dutch Shell has seen a $2bn (£1.25bn) drop in third-quarter profits as costs across the business have soared.

The Financial Conduct Authority (FCA) has committed to cutting fund authorisation times for UCITS and other fund structures by April 2014.

The US Federal Reserve has yet again kept its bond buying programme unchanged, in a move that signals a less optimistic outlook for US economic growth.

Henderson Global Investors saw a net inflow of £1.2bn into its retail funds in Q3, driven by its equity fund range which saw a positive flow for the first time since 2011.

Schroders head of global and international equities Virginie Maisonneuve is to exit the group to join PIMCO.

The Financial Conduct Authority (FCA) has expressed concerns over UCITS funds and ETFs' ability to deliver on promises of daily liquidity for end-investors.

The Financial Conduct Authority's head of asset management has given his stamp of approval to the current round of negotiations between asset managers and platforms, saying it is a good sign for industry pricing.

Invesco Perpetual has revealed outflows from Neil Woodford's Income and High Income funds since he announced his departure have been around the £1bn mark.

The FCA has revealed it is to launch a thematic review into fund managers' use of dealing commission to pay for broker research and corporate access.