News

The performance of the Standard Life Investment's Global Absolute Return Strategies (GARS) fund significantly lagged the IMA Targeted Absolute Return sector amid recent market volatility as some positions failed to pay off.

Asian equity markets have followed their European counterparts higher in overnight trading, but investor attention is now firmly focused on the US once again.

A lack of growth in global productivity is even more of a worry than the impact of rising interest rates, according to Hermes Sourcecap CEO Andrew Parry.

Legg Mason Global Asset Management has launched the Legg Mason ClearBridge Tactical Dividend Income fund for UK investors.

The Financial Services Compensation Scheme (FSCS) has revealed it has paid out £25m in compensation to investors in Arch Cru and £1.8m over Keydata this financial year.

The Bank of England has said market expectations of future rate rises are "not warranted", sparking a drop in sterling and a 50 point jump in the FTSE 100.

The FTSE 100 bounced back this afternoon after a sell-off yesterday, with leading shares recovering from falls amid fresh hopes for a resolution to the crisis in Portugal.

The majority of advisers are preparing to carry out extra platform due diligence following the publication of the Financial Conduct Authority's (FCA) platform paper.

Kleinwort Benson has hired Fadi Zaher from Barclays Wealth & Investment Management as head of bonds and currencies.

The Financial Conduct Authority (FCA) is set to examine wealth managers' and private banks' business models as it establishes a new division to scrutinise the sector.