News

Neptune US Income manager Rebecca Edelman is to leave the firm to take a strategist position at Tesco.

Schroders is to launch a merger-arbitrage strategy run by hedge fund veteran John Paulson.

Affiliated Managers Group (AMG), best known in the UK for its 60% stake in Artemis, has acquired a majority holding in Veritas Asset Management.

M&G's Tom Dobell has been upping his stake in the firm he described as formerly the "worst-run company" in the FTSE 100 in anticipation of a change of fortunes for the business.

Artemis is planning to launch a UCITS version of Tim Steer and Paul Casson's Pan European Hedge fund strategy later this year.

Former chancellor Norman Lamont (pictured) has become chairman of the Jupiter Second Split trust after Gordon Campbell passed away.

River & Mercantile Group has hired Kevin Hayes as chief financial officer following the merger of P-Solve and the asset management business.

The UK economy expanded by 0.8% in Q1, slightly below economists' expectations.

St James's Place (SJP) has reported a strong first quarter, with a significant uptick in new business over the reporting period.

Baring Asset Management is to shut its Corporate Bond fund on 2 May following several years of poor performance and a series of large redemptions, Investment Week can reveal.