News

The Financial Conduct Authority (FCA) will not reimburse advisers for previously 'overpaid' fees if the proposal to cut regulatory costs from next year comes into force, chief executive Martin Wheatley has said.

Three former Rabobank traders have been charged in the US with manipulating the yen LIBOR benchmark interest rate since 2006.

Henderson Value trust's managers have pledged to avoid 'face-saving' sales and concentrate on realising the longer-term potential of stocks to turn the fortunes of the fund around.

Johan Swahn has joined Skagen Funds as a portfolio manager on its flagship €5.6bn Global fund.

Richard Romer-Lee has made two more appointments to his new consultancy firm Square Mile Investment Research.

Old Mutual Global Investors' Richard Buxton has told Investment Week his move from Schroders to his new firm is his last in fund management.

Majedie Investments is to close its emerging markets boutique and switch assets into the separate Majedie Asset Management (MAM) business.

Dalton Strategic Partnership has extended its Tokyo-based Japanese equities team after hiring Fumio Matsumoto from Japanese asset manager T&D Asset Management.

Multi-asset managers are finding renewed opportunities in UK government bonds as they try to eke out value for their portfolios at the start of 2014.

Britain's growth rate could reach as high as 4% this year as the recovery accelerates, economists have said.