News

Crispin Odey has snapped up a 5% stake in struggling fund house Man Group, prompting speculation the hedge fund manager will launch a full scale bid for the company.

Eclectica's Hugh Hendry has argued there is no longer any rationality behind owning gold mining equities, as the intervention of quantitative easing in 2009 has distorted valuations across the sector.

Lord Flight has continued his broadsides against the Financial Services Authority (FSA), criticising it for taking a "tough guy, macho" to compensate for past failures.

Specialist investment house Newscape Capital Group has launched a risk targeted, multi-asset fund, aiming to deliver double-digit returns.

Bidders for Credit Suisse's ETF arm will be getting it "on the cheap" as the sale is another example of a bank being forced to sell assets to strengthen its capital positions, according to Citi.

Equity fund flows surged to €1.91bn in September, the first positive monthly figure since February, Morningstar's latest European fund flows data has shown.

Standard Life Investments (SLI) has launched an emerging market debt fund for new hire Richard House, who joined the firm in July from Threadneedle.

The US government has postponed the start date of incoming tax regime FATCA to give businesses more time to comply with the rules.

Spanish banking giant Santander has seen its profits tumble by more than 90% in the third quarter after bad property loans in Spain battered its books.

John Shepherd, head of UK retail discretionary sales at UBS Global Asset Management, has resigned from the firm.