News

S.W. Mitchell Capital has expanded its equity fund range with the launch of a UK recovery fund for Brian Cullen.

UK equity income stalwarts Clive Beagles and Francis Brooke are bucking the trend and keeping hold of their Verizon shares following the completion of the Vodafone/Verizon transaction.

The Financial Conduct Authority has appointed a former managing director from Bank of America Merrill Lynch to head its investment banking supervision team.

AXA Investment Managers took in €12bn (£10.2bn) in net flows last year, well up on the €3bn taken in 2012, thanks to Framlington and its fixed income teams.

The state pension age should rise to 70 by 2040 - more than 20 years earlier than scheduled under government changes - the former chairman of the Financial Services Authority (FSA) Lord Adair Turner said last night.

Tumbling commodities prices have hit equity markets this morning, driving the FTSE 100 into the red for a fourth consecutive day.

Brooks Macdonald has reported a 16% increase in interim pre-tax profit as assets under management near the £6bn mark.

The Witan Investment trust has said it will continue to invest in funds which charge performance fees as it revealed a strong set of results for 2013.

M&G has reported net outflows of £700m from its UK retail business for 2013 after slowing flows into some of its most popular funds.

T Rowe Price's emerging market debt team has cut back on its Iraq government debt position, in anticipation of renewed political turmoil in the country.