News

Liontrust Asset Management has seen its AUM grow to £3.6bn by the end of 2013 as the takeover of North Investment Partners helped counter outflows in the final quarter.

Lloyds Banking Group is to cut over 1,000 jobs nationwide, with its wealth division among those facing significant cuts, according to the Unite union.

A continuation of the crisis in emerging markets will spell further pain for developed equity markets, Carmignac Gestion managers have said.

A private equity firm has bought a majority stake in national financial advisory business Succession.

MP John Redwood has told investment managers they are unlikely to successfully challenge the upcoming tax changes to LLPs unless they build a stronger argument.

John Duffield has hired former colleague Mark Skinner as an adviser to develop Brompton Asset Management's retail business.

Investment trust analysts have called for the merger of two of Mark Barnett's trusts after it was announced the manager would take on the running of the £1.1bn Edinburgh portfolio.

Fewer than one in eight managers running both open- and closed-ended funds have outperformed in their open-ended portfolios, Investment Week analysis shows.

Mattioli Woods has reported an increase in both group revenues and profits as the effects of rule changes brought in following the Retail Distribution Review (RDR) boosted its wealth management division.

UK GDP rose by 0.7% in Q4, according to an initial estimate from the Office for National Statistics, with growth for the year as a whole rising at its fastest rate since 2007.