News

US hedge funds moved to snap up shares in Lloyds Banking Group overnight as the UK government put its 6% stake up for sale in a move to begin privatising the bank.

Fixed income managers have taken profits on their short positions in US treasuries in the expectation this week could mark the start of a short-term rally.

The shortlists for the Aberdeen UK Platform Awards 2013 have been announced. We start with the nominees for the big one: Platform of the Year...

The UK government has confirmed it is to begin selling down its stake in Lloyds Banking Group.

John Wyn-Evans has joined Investec Wealth & Investment as head of investment strategy.

JO Hambro Investment Management (JOHIM) has created a resident non-domiciled (RND) team to cater for increasing demand for its products from international clients based in the UK.

J.P. Morgan Asset Management is seeking to raise £100m for the launch of an as-yet-unnamed trust investing in senior structured loans.

City Financial is to merge its Multi-Manager Income fund with the Global Multi-Strategy fund, subject to unitholder approval.

Former Swiss & Global sales director Keith Rumbelow has joined Argonaut Capital as head of sales.

Novia's ongoing arrangement to build and administer Aegon's platform netted the group's subsidiary £1m in 2012, the latest results have revealed.