News

Real estate manager PRUPIM will be renamed M&G Real Estate as of the end of June as the firm looks to collaborate further with its parent company.

First State Stewart has warned it may be forced to soft-close its Dublin-domiciled range, including offerings from star manager Jonathan Asante and Angus Tulloch, if inflows continue at their current pace.

Stirling House Financial Services is launching five new fund of funds aimed at private clients, to be managed by Sarasin & Partners.

Old Mutual Global Investors (OMGI) has completed the line-up of Richard Buxton's UK equity team, ahead of the manager joining the firm in June from Schroders.

State-backed Lloyds bank has admitted that it mis-sold Scottish Widows structured products to thousands of customers and has said it will now undertake a review of sales, according to reports.

Fitch has cut China's local currency rating from AA- to A+, amid concerns the country is not doing enough to address its soaring debt levels.

The UK will narrowly escape a triple-dip recession with economic growth for Q1 forecast to be 0.1%, acccording to the National Institute of Economic and Social Research(NIESR).

AXA Investment Managers' head of emerging market equities, Julian Thompson, has named Mexico as his top pick from among the EM countries in his investment universe.

Investment trust broker Winterflood has cut Richard Buxton's £288m Schroder UK Growth trust from its buy list in favour of Fidelity's Alex Wright.

Former HBOS chief executive Sir James Crosby is to give up his knighthood, according to reports.