News

Ian Porter has joined Sanlam Private Investments (SPI) in the newly created position of head of wealth management, as the firm looks to grow its presence in the retail market.

Warren Buffett has pumped a $2bn stake into solar energy, with the veteran investor acquiring two power plant projects in California from solar firm SunPower.

Kames Capital's head of investment strategy Bill Dinning has quit his role to become an investment strategist for Coal Pension Trustee Services.

Neptune has launched two income funds, a Russian Special Situations fund and a frontier markets vehicle as it expands its product range.

A wealth manager has launched a platform centered on discretionary fund management that claims to reduce costs for advisers.

Peter Webb, the manager of the two worst-performing funds of 2012, has described his frustrations in trying to sell many of the "illiquid" positions he inherited on the portfolios, and his hopes for a turnaround in performance this year.

Henderson Global Investors has lost the management contract of its £286m Asian Growth trust to Schroders, after the board undertook a review of its investment management arrangements.

Global equities are rallying hard as strong data from China and a deal to avert the US fiscal cliff give cause for optimism.

Investors embroiled in the CF Arch cru funds scandal are unlikely to benefit from a global compensation settlement, despite several MPs campaigning on their behalf, according to a government minister.

The Association of Professional Financial Advisers (APFA) is calling for more product manufacturer responsibility when marketing materials are relied on by investors and advisers.