News

The Association of Investment Companies (AIC) has warned offshore investment trusts and UK REITs could be under threat from FSA proposals to ban promotions of unregulated collective investment schemes (UCIS) to ordinary retail investors.

David Palmer has joined Ashcourt Rowan as a business director within the wealth manager's asset management arm.

Aviva Investors has launched RDR-ready share classes for a number of its most popular funds, as well as removing initial charges from all its onshore portfolios.

The £3m Martin Currie Global Energy fund is set to wind down at the end of February after prolonged uderperformance.

Mercer's Paul O'Connor is to join Henderson as a director on its multi-asset team.

Sally Macdonald has joined Marlborough Fund Managers in the newly created position of head of Asian equities, as the firm looks to expand its presence in the space.

The FTSE 100 has had the best start to a year since 1999 as investors pour billions back into global equities.

The US Treasury has ruled out minting a $1 trillion dollar platinum coin as a way to circumvent the need to raise its national borrowing limit next month.

Lloyds Banking Group has fired a 'rogue trader' after it uncovered a scheme designed to inflate the executive's bonus.

Spanish boutique asset manager March Gestión de Fondos (MFG) is poised to enter the UK market with the launch of three funds.