News

Fidelity has undercut Hargreaves Lansdown with its new pricing structure, introducing an AMC of 0.35% for clients with total assets up to £250,000.

Pictet Asset Management has launched an absolute return bond fund to be managed by co-head of global and regional bonds Andres Sanchez Balcazar.

The Association of Investment Companies has elected J.P. Morgan Asset Management's head of trusts Simon Crinage to its board.

Mohammed El-Erian, chief executive of PIMCO and the man perceived by many as Bill Gross' heir apparent at the largest bond manager in the world, has resigned from his role.

Premier is to merge its £41m UK Mid-250 fund into the £82m Premier UK Growth fund as it moves to streamline its fund range further.

Meera Hearnden, senior analyst at Hargreaves Lansdown, is to exit the business at the end of this month.

Top-performing Japanese equity manager Hideo Shiozumi has said investors should not expect another runaway 12 months for the country's stock markets until 2016.

Carmignac Gestion has appointed Lombard Odier manager Michael Hulme to run its commodities fund as David Field takes time out from the industry.

Baillie Gifford is to remove a 2% initial charge from its Emerging Markets Growth fund next week as it seeks to encourage new investment once more.

Henderson Global Investors has promoted Paul O'Connor to co-head of multi-asset in a bid to raise the team's global profile.