News

The managers of the Ruffer investment trust fear the portfolio's strong performance in January may be a sign assets are correlated and will all plummet at the same time in a down market.

Psigma Investment Management has teamed up with TwentyFour Asset Management to seed a new fund for its clients - the TwentyFour Asset Backed Income fund.

The FSA is reconsidering whether VCTs, REITs and offshore investment companies should be included in the forthcoming sales ban on unregulated collective investment schemes (UCIS) to retail investors.

The Financial Services Authority (FSA) has fined UBS £9.45m for failures in the sale of the AIG Enhanced Variable Rate fund.

UK CPI inflation stood at 2.7% for the fourth consecutive month in January, but fears over longer-term forecasts sent sterling to a six month low in early trading.

Troy Asset Management chief executive Sebastian Lyon has cautioned on UK equities, suggesting falling UK corporate earnings are a warning sign for investors.

The £1.2bn St James's Place Equity Income trust, managed by RWC's Nick Purves, has been kicked out of the IMA UK Equity Income sector for failing to meet the minimum yield target.

Dawn Kendall has left her role as senior fund manager at multi-manager Architas, Investment Week can reveal.

Barclays shares have jumped after the bank announced it will cut 3,700 jobs this year following a strategic review, as pre-tax profits plunge due to mis-selling claims.

Japanese equities have led Asian markets higher as news of a nuclear test by North Korea failed to significantly dampen optimism after a three-day break.