News

HSBC has been ordered to pay out $2.46bn by a US court after it lost a class action lawsuit against Household International, the lender it bought pre-crisis.

Invesco Perpetual's Mark Barnett is preparing a number of strategies to help preserve the performance of the group's Income funds if Neil Woodford's departure triggers outflows.

Neil Woodford was among those awarded honours by Prince William at Buckingham Palace yesterday, days after he announced his departure from Invesco Perpetual.

Wealth manager Brooks Macdonald said today assets under management had risen more than 5% in the last quarter, as a combination of market gains and inflows lifted the total.

China's economic growth accelerated for the first time in three quarters in Q3, as the country opted for an immediate boost to GDP by ramping up factory output.

Edward Troughton, managing director of Alliance Trust Investments, is to leave the group to pursue another opportunity in the industry.

Natixis Asset Management has launched a global multi-asset fund for managers Michael Aflalo and Pierre Radot.

iShares has launched three ultra-short bond ETFs and two short duration bond ETFs as investors seek out new ways to protect themselves if interest rates start to rise.

Fidelity Worldwide Investment has bought retirement solutions business Annuity Direct and its holding company Retirement Angles.

Alternative investment boutique Man Group has seen net inflows of $700m in Q3 as positive performance from GLG offset problems with its flagship strategy.