News

Insurer Zurich has given BlackRock a mandate to passively manage £3bn of its funds sold through Allied Dunbar and Eagle Star brands in a move that aims to create stability for investors.

Invesco Perpetual has begun selling down positions in some of the small and mid-cap companies held by Neil Woodford ahead of the manager's departure in April.

As Aviva Investors prepares for the arrival of its new CEO Euan Munro, Jeremy Leadsom, sales director for UK financial institutions, has played down its plans to launch a GARS-style product in the new year.

Hundreds of multi-asset funds are failing to gain traction among investors despite a concerted push into the space by asset managers, Investment Week analysis shows.

Crispin Odey has taken out a short position on Manchester United as the team has its worst start to a season for 12 years.

Bank of England Governor Mark Carney will act to prevent the housing market growing at 'warp speed', and said there are economic tools he can use other than keeping interest rates low.

Lloyds Banking Group is to sell its remaining 21% stake in St James's Place, netting it a profit of more than £100m.

City Financial has unveiled a Japan fund for manager Peter Nicholas and re-shuffled its Asian equities desk as it continues to expand.

J.P. Morgan Asset Management (JPMAM) is to bring a series of bond funds into the UK market as part of an expansion of its fixed income range.

Sanlam Private Investments (SPI) is launching a global equity fund as well as a fund providing investors with an alternative to cash as it moves to broaden its range of retail mandates.