News

City Financial is preparing to launch an Asian macro fund for portfolio manager Geoffrey Barker.

Philip Collins has joined Sarasin & Partners to run multi-asset portfolios for the group.

Legg Mason Global Asset Management has launched a Dublin-domiciled senior loans fund through its largest subsidiary Western Asset Management.

Neuberger Berman is to launch a manager of managers absolute return vehicle as discretionary fund managers look to re-enter the space for the first time since the financial crisis.

Christine Lagarde, head of the International Monetary Fund, has sparked fears over the impact of a US default, warning it could cause a global recession.

In his final speech as deputy governor of the Bank of England Paul Tucker revealed that the resolution regime, which will allow one of the world's largest banks to collapse without being rescued, is now in place.

Stockbrokers across the City are considering lodging an official complaint after many were excluded from the Royal Mail float last week.

News of the hotly-anticipated Royal Mail IPO was unsurprisingly popular among our readers this week, with ongoing pricing battles in the platform space also catching the eye.

Simplybiz has bought back Standard Life's 10% share in the group for an undisclosed sum.

Fidelity Worldwide Investment is to significantly expand its pensions business and has appointed Richard Parking as head of retirement.