News

JO Hambro Capital Management (JOHCM) is planning to grow its team of US-based managers and launch US equity funds as part of a push to bolster its presence in the region.

The platform industry "nudged" into a collective profit for the first time in its history in 2012, according to figures compiled by Altus.

Standard Life Investments' Global Absolute Return Strategies (GARS) range has passed the £30bn mark, according to the firm.

The Financial Conduct Authority is reviewing gold benchmarks as part of a probe into how global rates are set, according to reports.

US investment banking giant JPMorgan Chase has agreed a mammoth $13bn (£8bn) settlement in relation to sales of residential mortgage-backed securities which contributed to the financial crisis.

Randeep Somel, the new manager of M&G's Global Basics, has revealed the fund is making new investments in miners again as he looks to position the portfolio for a new era.

Duncan Goodwin, manager of the Martin Currie Global Resources fund, is to leave the firm at the end of the year.

Randeep Somel has revealed his plan to steer the M&G Global Basics fund back to the top of the performance tables, telling investors "no-one else does this kind of portfolio".

US futures firm MF Global Holding has been ordered to pay $1.2bn (£740m) in restitution to its customers over its collapse.

Two members of Neil Woodford's UK equity team at Invesco Perpetual are to leave the group to pursue other opportunities.