News

A group of up to 1,000 investors in failed fund range Arch Cru have joined forces to bring a case against the vehicle's authorised corporate director Capita Financial Managers - and have found a top London law firm, favourable counsel's opinion and third...

J.P. Morgan Asset Management has hired BBC News' economics editor Stephanie Flanders as its chief market strategist for the UK and Europe.

Schroders has joined forces with Avoca Capital Management to launch a credit long/short strategy on GAIA, its alternative UCITS platform.

Barclays is to stop offering a full-scale wealth management service to clients with between £100,000 and £500,000, as part of a scaling back of its global wealth division.

HSBC Global Asset Management (GAM) is to launch a Far East ex-Japan ETF with a total expense ratio (TER) of 0.6%.

The final estimate of UK second quarter GDP has seen growth left unrevised at 0.7%, with the annual rate of growth being revised downwards.

Wrap platform Standard Life has revealed the names of the first seven fund groups who have offered it preferential ‘super clean' share class deals, with a further four to be announced in the coming weeks.

Wrap platform AXA Elevate has played its hand in the super clean space by revealing it expects to get access to preferential share classes from a range of fund managers.

Standard Life is to abandon its existing platform discounts for large adviser firms in favour of negotiating individual prices with firms based on assets under management, as well as loyalty to the group.

Liontrust Asset Management has recorded its 13th consecutive quarter of net inflows, helping push assets under management to £3.4bn.