News

Fund supermarket Hargreaves Lansdown is continuing to shun investment trusts despite bolstering its research into the sector over the past year.

Legg Mason has launched an offshore version of its Legg Mason Income Optimiser fund, also to be managed by Regina Borromeo.

Global equity manager Torkell Eide is to exit Skagen after four years at the company.

Investment Week is now accepting entries from UK, European and offshore service providers for the inaugural IW Fund Services Awards.

Walker Crips is launching what it says is the UK's first regulated bridging finance investment fund for its newly created alternative investments division.

The Dow has leapt to a fresh all-time high shortly after the opening bell, as Federal Reserve chairman Ben Bernanke last night ruled out the prospect of an imminent end to QE.

City Financial's Leigh Himsworth has sold out of Brooks Macdonald and switched into Ashcourt Rowan, following a run up in the price of shares in the former which has left them at 'expensive' levels.

Nucleus has announced plans to overhaul its pricing structure, cutting fees by 50% for clients with assets over £1m as it moves to entice more high net worth clients.

Stephen Massey has been appointed head of UK wealth management at Canaccord Genuity Wealth Management following the takeover of Eden Financial.

Federal Reserve chairman Ben Bernanke last night moved to quell fears there will be a quick exit from QE in the coming months, arguing the US economy is not yet in a strong enough position to halt stimulus measures.