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Old Mutual Global Investors has confirmed it has hired Schroders star Richard Buxton as its new head of UK equities, with the manager set to run a UK Alpha equity fund.

The annual management charge on Anthony Bolton's Fidelity China Special Situations investment trust will be cut from 1.5% to 1.2% from 1 April 2013.

J.P. Morgan executives tried to conceal data from US regulators that revealed just how large its ‘London Whale' trading losses were, according to the US Senate.

Outgoing Bank of England(BoE) governor Sir Mervyn King said last night the pound is now "properly valued" in a move to halt its slide.

Baillie Gifford has cut the annual management charge across its specialist investment trust range, including Sarah Whitley's top-performing £169m Japanese investment trust.

The collapse of debt burdened firms that were bought up by private equity companies before the financial crisis could pose the next major risk to the stability of the UK's economy, the Bank of England has warned.

Richard Buxton, the head of UK equities at Schroders, has resigned after more than 11 years at the fund manager to take up a position at Old Mutual.

Investec Asset Management CEO Hendrik du Toit, managing director of UK distribution David Aird and other senior employees are to acquire a 15% stake in the business for £180m.

Premier's David Hambidge is expecting the FTSE to break through a record high this year, following an unprecedented start to 2013.