News

Hermes Fund Managers has launched a US small and mid-cap equity fund based on a strategy run by its US team for over a decade.

Kames Capital's Stephen Adams, head of UK equities and manager of the group's £398m UK Equity fund, has bought a 2% stake in retailer Tesco in anticipation of a re-rating over the coming months.

The FTSE 100 was off over 1% mid-afternoon as investors spooked by the latest developments in Spain took risk off the table.

Former Insight manager Michael Pinggera has joined FOUR Capital Partners to spearhead the boutique's first foray into the multi-asset space.

Providers attempting to avoid being classified and regulated as platforms could see additional rule changes from the Financial Services Authority (FSA), according to its head of investments policy.

John Ions, chief executive of Liontrust, has warned asset managers they face a threat from the growing power of distributors as the RDR approaches.

Deputy Prime Minister Nick Clegg has called for benefits such as free television licences, winter fuel payments and bus passes to be taken away from wealthy pensioners.

The British Bankers' Association (BBA) could be stripped of its role in setting the LIBOR interbank lending rate following the fixing scandal which saw Bob Diamond step down as the CEO of Barclays.

The chief executive of Royal Bank of Scotland has suggested the business will restart dividend payments to shareholders after 2013, by which time its restructuring phase should be complete.

Walker Crips Investment Management has launched a discretionary portfolio service aimed at advisers in a move to expand its business.