News

Artemis Investment Management co-founder John Dodd has backed financier Nathan Rothschild in his boardroom battle over coal miner Bumi.

MSD Capital, the family office of Dell Computer founder Michael Dell, has been building a short position in Hargreaves Lansdown as the group's share price takes off.

The £1.3bn Witan Investment trust has moved to quarterly dividend payments after announcing a 10% rise in payouts for 2012.

The managers of the Ruffer investment trust fear the portfolio's strong performance in January may be a sign assets are correlated and will all plummet at the same time in a down market.

Psigma Investment Management has teamed up with TwentyFour Asset Management to seed a new fund for its clients - the TwentyFour Asset Backed Income fund.

The FSA is reconsidering whether VCTs, REITs and offshore investment companies should be included in the forthcoming sales ban on unregulated collective investment schemes (UCIS) to retail investors.

The Financial Services Authority (FSA) has fined UBS £9.45m for failures in the sale of the AIG Enhanced Variable Rate fund.

UK CPI inflation stood at 2.7% for the fourth consecutive month in January, but fears over longer-term forecasts sent sterling to a six month low in early trading.

Troy Asset Management chief executive Sebastian Lyon has cautioned on UK equities, suggesting falling UK corporate earnings are a warning sign for investors.

The £1.2bn St James's Place Equity Income trust, managed by RWC's Nick Purves, has been kicked out of the IMA UK Equity Income sector for failing to meet the minimum yield target.