News

Investment managers' optimism about their business prospects rose for the third consecutive quarter, despite difficult conditions for the financial services sector, according to the latest survey from the CBI/PwC.

City Financial has bought the asset management arm of Eden Financial in a move to bolster its UK equity, fixed income and multi-asset presence, Investment Week can exclusively reveal.

The Financial Services Authority (FSA) has fined Swiss-based French hedge fund manager Stefan Chaligné £900,000 and handed out a lifetime ban for market abuse.

Emerging market corporates' interest in global brands can be a "real positive" for European companies now trading at takeover valuations, according to Franklin Templeton's Mark Mobius.

Our top ten best read stories this week included warnings about outsourcing and the power of distributors post-RDR, as well as a more light-hearted look at Crispin Odey's very happy chickens. What did you miss?

The winners of the Aberdeen UK Platform Awards 2012 were announced at a glittering awards ceremony in London last night.

Platforms could see a sharp rise in operating costs if multiple share classes exist for pre- and post- the cash rebate ban, according to the Tax Incentivised Savings Association (TISA).

Alliance Trust Investments (ATI) has unveiled the launch of an absolute return bond fund, aiming to deliver an annualised 6% total return over rolling three year periods.

Michael Godfrey, co-manager of the M&G Global Emerging Markets and M&G Asian funds, has left to pursue other opportunities after eight years at the group.

Former Skandia CIO Clive Hale, Ex-Saltus partner Dan Kemp (pictured) and former MAM fund manager Sam Liddle have teamed up to launch consultancy business Albemarle Street Partners.