News

The Investment Management Association (IMA) has called on the FSA to increase the amounts insurers and banks contribute to the FSCS after warning fund managers faced cross-subsidies which were three times higher than the other institutions.

The Financial Services Authority (FSA) has criticised firms for failing to send in details of advisers' qualifications.

Royal London Asset Management (RLAM) has launched two global high yield funds for head of high yield Azhar Hussain.

Neil Woodford, manager of Invesco Perpetual's £20bn Income funds, believes AstraZeneca is finally turning a corner after a difficult 2012.

Former Matrix Asset Management chief executive Angus Woolhouse has joined Barings as global head of distribution.

UK equity income managers, including Artemis' Adrian Frost, are stepping up their quest for the next generation of dividend payers as the London market's leading stocks disappoint.

Investors in some of the UK's worst funds have been urged to dump ten serial underperformers from their portfolios in a study by Chelsea Financial Services.

Frontier markets are less volatile, more diversified and a better bet for dividends than their broader emerging market peers, according to HSBC's Andrew Brudenell.

Hedge fund managers have been increasing their short positions in sterling amid fears the currency is set to depreciate further as investors flock to the euro.

The £1.3bn Witan investment trust, managed by Andrew Bell, has handed an Asia Pacific mandate equivalent to 9% of its portfolio to Matthews Asia.