News

Old Mutual has replaced Jupiter and Newton on a number of mandates within its £234m European Best Ideas fund with a range of in-house Old Mutual managers and Alken's Nicolas Walewski.

Bond fund managers who bought into the US dollar-denominated issuance from Verizon have seen an immediate boost to performance after the bargain-basement priced bonds saw values jump and yields come in.

The number of funds on Hargreaves Lansdown's Wealth 150 list has fallen below 100 for the first time after the removal of two more offerings.

Shares in Apple have plummeted more than 5% this afternoon, after a disappointing reception for the tech giant's two new iPhone models released last night.

Skagen has appointed a new portfolio manager, Hilde Jenssen, to the emerging markets focussed Skagen Kon-Tiki team.

The Ignis International China fund has had consistently strong performance over the past three years, and manager Diamond Lee has revealed the five stocks powering it to the top.

Jane Lowe, director of markets at the Investment Management Association (IMA), is to exit the UK-based trade body in November.

Sterling has risen to a seven-month high against the dollar after the UK's unemployment rate unexpectedly dipped from 7.8% to 7.7%.

Absolute return providers have been forced to respond to capacity questions by changing fund remits or even soft-closing vehicles as flows into the sector leap this year.

The Financial Conduct Authority (FCA) has confirmed for the first time it has joined an international probe into the alleged rigging of the multi-trillion dollar interest rate derivatives market.