News

Aviva Investors has proposed the closure of its Global Listed Real Estate Securities business, including the Global REIT fund run by Paul Van De Vaart, as it has "insufficient scale".

Former deputy governor of the Bank of England Rachel Lomax has ruled herself out of replacing Mervyn King next year, saying she has "moved on" from the central bank.

The Bank of Japan has followed the Federal Reserve and European Central Bank by extending its QE programme by 10trn yen.

MAM Funds has poached Matterley co-founder George Godber and analyst Georgina Hamilton, Investment Week understands.

Sebastian Lyon has put more money behind unloved mining equities in his £2.2bn Trojan fund, after a prolonged period of underperformance from the sector.

UK income managers Neil Tong and Kenneth Warnock have left Alliance Trust Investments, Investment Week understands.

The former UBS trader accused of losing the bank more than $2bn in unauthorised trades owed money to eight payday loan firms when he was arrested last year, a court heard yesterday.

Mark Zinkula, the chief executive of Legal & General Investment Management (LGIM), has become group executive director of Legal & General (L&G).

Markets were trading in the red this afternoon as eurozone worries and a dispute between Japan and China weighed on investor sentiment.

Few consumers think the Financial Services Authority (FSA) is doing a good job, research from the Association of British Insurers (ABI) suggests.