News

HSBC Global Asset Management has launched the GIF Global Short Duration High Yield Bond fund for recent hire Mary Bowers.

Rob Gambi has been appointed chief investment officer of Henderson, starting in 2014.

Changes introduced as a result of the Retail Distribution Review (RDR) are likely to lower retail advisers' share of the investment market, but they do not represent the "death knell" for the sector, according to an investment group.

Hargreaves Lansdown reported a record £3bn increase in assets under administration in the three months to the end of September, but warned of headwinds to its revenues in the short-term.

Shares in Royal Mail jumped 2.5% to 487p as it officially floated today, following a flurry of trading activity in the stock prior to its listing.

Hargreaves Lansdown is in position to be a £39bn beneficiary of the Retail Distribution Review (RDR), according to Barclays.

Liontrust Asset Management is to acquire North Investment Partners, appointing founder John Husselbee, as well as former LV = manager Paul Kim, to run its first multi-asset proposition.

Richard Scott, chief investment officer of Hawksmoor, is backing healthcare as a sector to outperform and has added three preferred names to his multi-manager funds.

Jupiter's Neil Carter has warned advisers against products that over-diversify investments in a bid to fit the mould of modern portfolio theory and regulation.

Fidelity FundsNetwork is to move to a clean-only model by the end of 2013 on all new business.