News

Ignis Asset Management saw profits fall by 6% and AUM come down nearly £5bn in 2012, as the renegotiation of its joint venture deals impacted the business in a "year of significant change".

London's leading share index had lost 1% by mid-afternoon, weighed down by weaker than expected manufacturing and services data in the eurozone.

It took a brave asset manager to launch a European equity fund in the autumn of 2011.

European politicians have voted to reform the bonus structure of fund managers, a move which puts the UK at a "competitive disadvantage" and could damage shareholder value, according to PwC.

PIMCO's Bill Gross, manager of the world's largest bond fund, is auctioning off some of his historic stamp collection to raise proceeds for charity organisations.

A private client adviser at wealth firm HFM Columbus Asset Management has been charged with the murder of a wealthy socialite, according to reports.

Nick Ring has been promoted to head of distribution at Threadneedle after Campbell Fleming took over as CEO at the group.

George Osborne's plan to encourage investment in smaller businesses by removing stamp duty on AIM stocks has been met with a mixed reaction.

Barclays shares worth a total of £39m have been awarded to nine executives as part of their long-term remuneration packages, the group said yesterday.

Police have searched International Monetary Fund (IMF) head Christine Lagarde's Paris apartment as part of an investigation into suspected embezzlement, Reuters reports.