News

Baring Asset Management will this week launch a new product for its head of Asian multi-asset, Khiem Do.

The latest sale of index-linked 50-year gilts was completed in record time today, as investors snapped up £4bn worth of debt.

Markets are at a major turning point which will see trading behaviour change dramatically for the first time in 25 years, according to MAM Funds' Gervais Williams.

Gold is on course to post a fourth straight month of falls in price, the worst run the yellow metal has experienced since the turn of the millennium.

Royal London Asset Management has poached Insight's Azhar Hussain to head its Global High Yield team.

The Financial Services Authority has fined hedge fund boss Alberto Micalizzi £3m and banned him from performing any role in regulated financial services, after he lied to investors in his now defunct fund.

The UK's largest companies were climbing this morning on the back of Chinese stimulus hopes, after Shanghai Securities News said Chinese banks have "sped up" lending.

JP Morgan Chase has sold an estimated $25bn of profitable securities in an effort to boost earnings and recoup some of the $2bn it suffered in trading losses earlier this month.

Bloxham Asset Management has been sold to Ireland-based Davy Stockbrokers after its parent group was ordered to cease trading as an inquiry is conducted into accounting irregularities.

Andrew Tyrie, the chairman of the Treasury Select Committee, has asked George Osborne to respond to suggestions from Barclays that retrospective tax action taken against the bank earlier this year was "unwarranted".