News

Lloyds Bank has reported growing profits for the first nine months of the year as it starts down the path to reprivatisation, but continues to suffer from the impact of ongoing PPI claims.

Kunal Ghosh, the new San Diego based manager of the Allianz BRIC Stars fund, has begun to tilt the portfolio away from its titular focus in favour of smaller emerging markets.

UBS Exchange Traded Funds has listed 14 ETFs on five UK platforms in a move to make its products more accessible to IFAs and retail investors, following a recent fee cut.

Some of the largest multi-asset funds in the UK retail space have seen performance slump in recent months after they struggled to navigate a difficult summer.

Former Skandia proposition director Richard Vincent has joined Threadneedle to develop the group's multi-asset proposition.

T Rowe Price's European equity manager Dean Tenerelli said he is finding attractive entry points into stocks linked to the domestic economy in Continental Europe.

PSigma Investment Management CIO Tom Becket has sold out of the £11bn Invesco Perpetual Income fund after ten years following news of manager Neil Woodford's departure.

FOUR Capital Partners has soft-launched a European equity long/short fund after Sanlam provided seed capital for the portfolio.

The chief executive of taxpayer-backed Lloyds Banking Group is set to be awarded a bonus worth about £2.5m next month as the lender continues its recovery from the 2008 financial crisis.

Invesco Perpetual is to change the name of Paul Causer and Paul Read's top-performing European High Yield bond fund to better reflect its global investment approach.