News

Architas has introduced a new charging option for its range of risk-rated passive investment funds.

Baring Asset Management (Barings) has revamped its emerging market equity team, hiring a new head to replace outgoing Roberto Lampl.

Japan could be the next economy to default as its debt levels are unsustainable, according to Roger Webb, investment director on the credit team at Scottish Widows Investment Partnership (SWIP).

Kames Capital has hired Scott Fleming as fund manager on its fixed income team to focus on exotic bond analysis.

Platform giant Cofunds is set to report a significant drop in net retail sales of more than £1bn for 2012, compared to the previous year.

A private charity lunch with Warren Buffet has sold for $1m - less than a third of last year's price.

Total platform industry costs stood £50m higher than revenues in 2011 despite assets under administration of nearly £250bn, according to Altus.

Markets surged overnight on news Japan revised its annualised growth rate to 4.1% - up from an estimated 3.5%.

Barings' Ian Pascal is joining Hermes Fund Managers as head of marketing and communications, replacing Rob Page who exited the firm in April to join Henderson.

Neil Woodford's £13.7bn High Income fund is at risk of being expelled from the IMA UK Equity Income sector at the end of 2013 if its historic yield does not improve.