News

Standard Life has claimed it has secured super-clean fund classes from 15 major fund groups, the first confirmation that asset managers are willing to give ground on pricing.

Miton Group's shares have jumped by almost 17% in early trading following its acquisition of Psigma Asset Management in a deal worth up to £13m.

Threadneedle is to close its £12m Japanese Smaller Companies fund due to its uneconomical size and "limited demand" for the strategy.

Insight Investment has launched a UCITS version of its Short-Dated High Yield Bond fund, managed by Ulrich Gerhard.

Wealth manager Ashcourt Rowan posted a loss of £2.5m in the 12 months to April as the group continues its transformation into a holistic financial planning business.

The government has announced new ISA rules that will make it easier for people to invest directly into small businesses.

Neuberger Berman has become the latest player to bolster its emerging market debt capabilities, launching a trio of funds for its new recruits.

Property specialist Brandeaux has suspended its entire fund range, including its embattled £1bn Student Accommodation fund, as the company attempts to sell up to 80% of some vehicles' portfolios.

A tumultuous June may have taken the edge off many of the sizeable gains made by funds in the first half of 2013, but it was not enough to derail performance completely.

The European Commission has accused 13 banks, including Barclays, HSBC and the Royal Bank of Scotland, of colluding to hamper competition in the credit derivatives market.