News

Schroders has widened the scope of three of its leading bond funds to allow the managers to use derivatives more widely within their portfolios.

Legg Mason has added its $1bn Brandywine Global Fixed Income fund and 16 other offshore offerings to the IMA's fund sectors for the first time.

Closed fund consolidator Phoenix Group has appointed former Financial Services Authority (FSA) head Sir Howard Davies as chairman.

Angela Merkel and Francois Hollande will meet later this week to decide on whether to ease the terms of Greece's bailout package after the country yesterday pleaded for more time.

Ignis grew its IFRS operating profit for the first half of 2012 to £19m, compared to £18m during the same period last year, despite difficult trading conditions and continued investment in the business.

Jupiter's Merlin multi-manager team, headed by CIO John Chatfeild-Roberts, have initiated a holding in Terry Smith's Fundsmith Equity fund as they increase their exposure to 'global titan' corporates.

The successor to Mervyn King will have an "unduly powerful role" thanks to Treasury plans to extend the powers available to the Bank of England (BoE), one of the bank's advisers has warned.

The spot price of gold climbed by over 1% to $1,655 an ounce as the Federal Reserve said it is likely to ease monetary policy soon unless there is a sharp change in economic data.

The Financial Services Authority (FSA) believes its proposed rules on the promotion and sales of unregulated collective investment schemes (UCIS) could lead to a reduction in Financial Services Compensation Scheme (FSCS) costs for advisers.

The FSA is proposing to ban the promotion of certain structured products as part of its wider effort to prevent the sale of unregulated collective investment schemes (UCIS) to retail investors.