News

Private bank Brown Shipley has made two promotions within in its London office, as part of a move to engage more with clients from the worlds of sport and media.

Threadneedle has launched a Dynamic Real Return fund for head of multi-asset Toby Nangle, aiming to deliver equity-like returns with no more than two-thirds of the volatility.

Morningstar OBSR's investment services director Peter Toogood and head of investment consultancy Gill Hutchison are set to leave the firm.

A former UBS and Citigroup trader, one of three men arrested in December as part of a Serious Fraud Office (SFO) and City of London Police investigation into the manipulation of LIBOR, has been charged.

UK CPI inflation rose from 2.4% to 2.7% in May, according to the Office for National Statistics, a larger than expected rise driven by transport and clothing costs.

The Serious Fraud Office (SFO) is set to begin the first criminal prosecution in the LIBOR-rigging scandal and could charge a former UBS and Citigroup trader this week, The Times reports.

Emerging market debt managers have been taking underweight positions in local currency bonds as they expect the dollar to strengthen once the Fed turns off the QE tap.

The Witan Investment Trust has appointed boutique firm Heronbridge to manage a £75m UK equity mandate.

US markets followed shares across Europe higher overnight, while the dollar also surged, ahead of the latest Federal Reserve meeting in the States which may map out a QE exit strategy.

Old Mutual Global Investors has seen inflows of more than £100m into Richard Buxton's UK Alpha fund, ahead of his arrival at the group.