News

Manchester based Mamucium Capital Management has launched offering what it calls a "new model" of investing based on the "science of capital markets".

The Bank of England (BoE) has held interest rates for the 53rd consecutive month and opted not to increase the size of its £375bn QE programme at its July meeting.

Jupiter CEO Edward Bonham Carter said the asset manager is unwilling to commit to a new pricing strategy because of continued uncertainty surrounding RDR implementation.

Shares in Lloyds Banking Group and Jupiter Fund Management soared on Thursday after both groups reported hefty profits in their half-year results.

J.P. Morgan Asset Management has appointed North Investment Partners' Nicholas Roberts as portfolio manager for the JPM Fusion Funds, reporting to lead manager Tony Lanning.

Rathbones' pre-tax profit for the first six months of 2013 rose 17% as the group's total funds under management near the £20bn mark.

The Federal Reserve has given little suggestion of a forthcoming slowdown in its quantitative easing programme despite economic data continuing to improve.

Jupiter has reported net mutual fund flows of £426m for the first half of 2013 despite RDR "dampening" UK business.

Former Skandia marketing head Nick Dixon is to join Aegon UK as investment director, Investment Week understands.

Bond fund manager John Anderson is set to leave J.P. Morgan (JPM) after being told his future at the group remains uncertain.