News

Delayed US jobs figures for September have missed expectations, a development which all but rules out the prospect of a slowdown in US QE before 2014.

Lazard Asset Management's UK business has seen profits fall sharply by 75% in 2012 following a rise in outflows as well as a jump in costs.

Jupiter has hired Robert Siddles from F&C to run US small cap portfolios at the group, with the manager bringing across his £150m US Small Cap trust.

Mirabaud Asset Management has launched a global strategic bond fund for recent hire Fatima Luis, and Andrew Lake.

Mark Carney, the new Governor of the Bank of England, is pushing ahead with a strategic review of the institution's resources and priorities, just three months in to the job.

Investment manager GAM is to cut down its London and Zurich locations after revealing a drop in the US dollar kept AUM flat in Q3.

The board of the £150m F&C US Smaller Companies trust has said it will serve notice on F&C after manager Robert Siddles quit the group.

Half of advisers have considering launching an execution-only proposition following the introduction of the Retail Distribution Review (RDR), according to a recent poll, despite regulatory scrutiny of the market.

Peter Fitzgerald, head of multi-asset retail funds at Aviva Investors, has named five hidden gem funds that add value to his portfolios, and which cannot otherwise be easily accessed by retail investors.

Billionaire investor Warren Buffett has cut his stake in Tesco, days after the food retailer posted a major profit slump.