News

Fund buyers are selling their US passive holdings and buying into high conviction stockpickers as correlations in the market subside from historic highs.

The Investment Management Association (IMA) has responded to the FCA's concerns over outsourcing arrangements across the industry by producing a set of principles it expects members to adopt and adhere to.

HSBC is weighing up floating its UK arm, according to reports, ahead of new rules that demand banks ringfence their retail banking operations.

Japanese shares soared overnight, with the Nikkei index seeing its biggest one-day gain for three months, as Asian shares rebounded after last week's slide.

Bob Diamond, the former boss of Barclays who left in disgrace last year after the bank admitted its role in rigging Libor rates, is reportedly close to making a comeback with a new bank venture.

Jupiter Asset Management's chief executive Edward Bonham Carter is to hand over his role to Maarten Slendebroek in March next year.

Chancellor George Osborne presented his 2013 Autumn Statement to the House of Commons this week, declaring Britain is on the road to economic recovery. Here is our round up of five key points from the Statement.

The IMA has launched an online review tool for the Targeted Absolute Return sector designed to help advisers and consumers find and compare funds.

The US unemployment rate has fallen to a five-year low, increasing the likelihood of a tapering of quantitative easing later this month.

Asset managers and wealth management firms have expressed support for the government's plans to scrutinise partnerships and LLPs in a clampdown on tax avoidance.