News

Sanlam Private Investments (SPI) has reaffirmed its ‘sell' recommendation on Richard Wilmot's £2.1bn Newton Higher Income fund, arguing its recent overhaul has made the fund a less attractive option for income seekers.

Jim O'Neill, the former chairman of Goldman Sachs AM who coined the term 'BRICs', will join the board of the Department for Education in the autumn.

Aberdeen Asset Management was hard hit by June's market sell-off, which contributed to a 1% drop in AUM for the asset manager in the second quarter of 2013 compared to the end of March.

Just 2.05% of funds achieved top quartile returns over the three years to Q2 2013, down from 4.56% from Q1, according to new research.

J O Hambro Investment Management (JOHIM) is considering a name change, which would honour its co-founder, Richard Hambro.

The Bank of England (BoE) has named Sir John Cunliffe, currently the UK Permanent Representative to the European Union, as deputy governor for financial stability, replacing Paul Tucker.

Industry veteran and chief executive officer of Integral Asset Management (IAM), Nick Dewhirst, has died.

Sales of Junior ISAs (JISAs) soared in 2012-13, government figures show.

Emerging markets have had a torrid summer, as the threat of a slowdown in China and the possibility of QE tapering in the US weighed heavy on investor sentiment.

Elena Shaftan, manager of the Jupiter Emerging European Opportunities fund, reports on her findings from a recent research trip to Russia.