News

Artemis has poached Richard Pursglove from Goldman Sachs Asset Management to head its retail business.

HSBC Global Asset Management has made two promotions within its Asian equities team.

Richard Philbin, the former F&C and Architas multi-manager, has teamed up with the founder of Skandia's Best Ideas range Alan Durrant to launch a new multi-manager business.

Henderson's Alex Crooke, manager of the £647m Bankers investment trust, has sold out of UK recovery plays as he does not expect this part of the market to deliver for a number of years.

Aviva Investors' Justin Onuekwusi has upped his exposure to a variety of niche bonds - including floating rate loans - after warning equity markets could fall in the near future.

Japan's Nikkei 225 has suffered its second huge fall in a little over a week after the index closed down 5% overnight.

Leading UK equity managers are backing housebuilder shares as government policies set the scene for further outperformance.

Lloyds Banking Group is to sell its loss-making international private banking business to Swiss bank Union Bancaire Privée (UBP).

The pound could fall by as much as 15% against the US dollar from its current level, back to decade-long lows, if Mark Carney moves to devalue the pound via further QE over the next few years, PIMCO has warned.

Equity funds regained their position as best-sellers in the UK market in April, according to the latest figures from the Investment Management Association (IMA.