News

Old Mutual Global Investors (OMGI) has streamlined its Dublin-domiciled fund range, one year on from unifying its two asset management businesses.

Assets under management at wealth manager St James's Place were up £4.2bn to a record £39bn, according to the group's interim results.

Jupiter is to promote Chris Watt to take over Philip Matthews' £368m Jupiter Growth & Income fund on 1 May as the latter leaves for Schroders.

One of the German government's closest economic advisers has warned the euro has a "limited chance of survival" and may only last for another five years.

Henderson Global Investors is preparing to add two funds to its risk-rated range of multi-asset solutions, led by Bill McQuaker.

Chris Bailey, the manager of Close Brothers Asset Management's Growth and Conservative funds, has stepped down from the group.

An ultra-bearish US hedge fund manager shorted gold a year ago, when it was still in favour with most investors, and thinks the price of the metal is on track for a multi-year drop.

The Financial Conduct Authority (FCA) has fined EFG Private Bank (EFG) £4.2m for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) controls for high risk customers.

Goldman Sachs has advised clients to stop shorting gold after the dramatic fall in the price of the precious metal over the last few weeks.

Co-operative Group has pulled out of a deal to buy 632 branches from Lloyds Banking Group, saying it was not in the best interests of its members to proceed.