News

Simon Borrows is set to be unveiled as the new chief executive of the UK's largest private equity firm, 3i, according to reports.

A group of hedge funds, including those run by Odey Asset Management, had a combined $1bn invested in JP Morgan Chase which suffered a near 10% drop in its share price on Friday.

Scott Thompson, CEO of computer firm Yahoo, has stepped down amid accusations a fake computer science degree was included on his CV.

Investec Asset Management is the latest group to launch a range of clean share classes ahead of the year-end RDR deadline.

Fund groups are scrambling to develop risk-rated propositions ahead of the RDR deadline at the end of this year, with major houses including Jupiter planning how to enter the space.

Four major fund houses have joined forces with technology provider IFDS to white-label enhanced online propositions for their existing direct customers ahead of RDR.

As J.P.Morgan shares plunge following one of its largest ever trading losses, we list ten of the greatest losses ever suffered in the financial sector.

Shares in JPMorgan Chase slid even further today with a 8.5% drop in early trading on Wall Street, following a surprise $2bn derivatives trading loss.

AXA Framlington UK Select Opportunities manager Nigel Thomas has highlighted a US manufacturing renaissance as one of the key themes in his portfolio this year.

Skandia Investment Group(SIG) has handed a €34m mandate to BlackRock's Richard Plackett in its €345m European Best Ideas fund.