News

James Harries, the manager of the £3bn Newton Global Higher Income fund, is set to overhaul his portfolio as he changes tack on a variety of sectors.

Investment Week recently hosted the fourth annual Climate Change & Ethical Investment Awards.

The winners of the Gold Standard Awards 2012, run by Investment Week's parent company Incisive Media, were recently honoured at a ceremony at the House of Commons.

Baronsmead has launched a top-up scheme with the aim of raising £30m across its five-strong range of VCTs.

The Financial Services Compensation Scheme (FSCS) is to hit fund managers with a £33m levy to cover a shortfall in its finances after it overcharged some firms.

The IMA has been questioning fund groups over their exposure to currencies in their fixed income funds, with the view to tightening sector definitions.

Neil Woodford's £920m Edinburgh Investment trust will emerge as one of the key winners in the closed-ended space after RDR, investment trust broker Canaccord Genuity has said.

Investment veteran Warren Buffett is backing JPMorgan Chase CEO Jamie Dimon to replace Tim Geithner as US treasury secretary.

The FSA is set to probe the asset management industry in a review of the risks of bribery, corruption, sanctions and money laundering, according to law firm Dechert LLP.

Santander multi-managers Tom Caddick (pictured) and Toby Vaughan have invested in a UK equity income fund using their UK equity weighting for the first time.