News

The Investment Management Association is to merge with the Association of British Insurers' investment affairs unit in a bid to give fund managers a single, stronger representative voice.

The Nasdaq index suffered its worst day since 2011 yesterday, dropping over 3% as investors continued to switch out of technology and biotechnology holdings.

Jupiter has reported net inflows of almost £550m in Q1 and hired former Kames distribution head Martin Harris to lead its institutional business.

Greece raised €3bn of five-year money yesterday in its first foray back into the bond markets since the eurozone debt crisis.

Jupiter has hired former Kames Capital distribution head Martin Harris to lead its institutional business, Investment Week can reveal.

JPM Private Equity has reduced its gearing to 38%, having run it as high as 60% at the start of the year, cutting it back from "nosebleed" levels.

Fidelity Worldwide Investment has moved to put pressure on rivals in the passive space with the launch of four low-cost index funds.

Dovish Federal Reserve minutes sent US and Asian markets higher overnight, allaying fears the Fed could raise rates earlier than expected.

Lord Myners has announced his shock resignation from the board of the Co-op Group, leaving the mutual in the middle of a review into its future.

An independent inquiry into the Financial Conduct Authority's (FCA) release of information about its investigation into the fair treatment of long standing life company customers could cost up to £10m, according to a costs lawyer.