News

The "brutal" sell-off which has hit emerging markets for six since the start of the year is now at an end, Aberdeen CEO Martin Gilbert has said, with outflows from the group's fund range slowing.

Stockbroking firm Redmayne-Bentley has stopped offering its services to US clients as it moves to comply with incoming tax regime FATCA.

Ignis Asset Management has converted its £1.2bn UK Property fund into a Property Authorised Investment Fund (PAIF) in a bid to offer investors a tax-efficient way to access the vehicle.

Wealth manager Towry has agreed a £70m refinancing deal which will reduce its cost of capital and give it cash for acquisitions.

Henderson Global Investors has launched a SICAV mirror version of its £680m Global Equity Income fund.

Neil Woodford has opened a position in Edward Bramson's Sherborne 'Guernsey B' vehicle as one of his first investments at his new firm.

Neil Woodford has said he plans to create a major asset management business, rather than a simple boutique, as he begins life at Woodford Investment Management.

Aberdeen has reported £8.8bn in net outflows for the six months to 31 March 2014 despite redemptions slowing in the final month of the period.

Barclays' profits have fallen in the first quarter with the investment bank suffering almost a 50% drop in profits, according to its quarterly report.

Equinti Group is in exclusive discussions to take ownership of D2C platform Selftrade as French parent Boursorama cuts its losses on the business.