News

Shares in private equity firm 3i have risen 3% today after it revealed activist investor Edward Bramson had been buying shares via his Sherborne vehicle.

GLG's strategic bond fund manager Jon Mawby has warned investors to be wary of exposing their cash to interest-rate sensitive bonds such as gilts amid a surge in demand for protection.

The Financial Services Compensation Scheme (FSCS) is levying firms in the fund management and investment intermediation sectors a total of £31m for 2010/11.

Royal London Asset Management(RLAM) head of equities Jane Coffey is "in discussions" with the group over her future as the group overhauls the management of some of its equity funds.

David Scammell has left his position as head of UK and European interest rate strategies at Schroders.

Paul Feeney, chief executive of Skandia's parent company Old Mutual Wealth, has vowed to tackle a series of administration problems that have affected advisers since the start of the year.

Royal Bank of Scotland (RBS) is to pay up to £250m in bonuses to its investment banking division, including to those implicated in the LIBOR-rigging scandal.

Fidelity Special Situations fund manager Sanjeev Shah has warned investors that equities are at risk of a significant pullback this year as valuations approach multi-year highs.

Former Cofunds head of commercial Russell Lancaster is joining Fidelity as sales director.

Credit ratings agency Moody's downgraded six Canadian banks last night over fears the lenders had become more vulnerable to downside risks and rising house prices.