News

The FTSE 100 has put on over 100 points in the first session of the quarter after US ISM manufacturing data beat forecasts and bolstered sentiment.

REGULATION

Standard Life Investments (SLI) has handed its tracker fund range to passive investment house Vanguard Asset Management as it looks to focus on its active fund offering.

Investec Structured Products is set to launch its first UCITS fund, which will be available via wraps and platforms later this month.

Jeremy Soutter, the global head of products at Aviva Investors, has left the firm following a restructure.

Nearly half of investment managers see merger & acquisitions as the best route for growth as senior figures become more optimistic about the economy, a KPMG Investment Management survey found.

M&G has promoted Randeep Somel to become co-manager of the £1.2bn Managed Growth fund, working alongside existing manager Graham French.

MARKETS

The investment management sector's low reported levels of compliance spending are "hard to believe", according to a quarterly survey from the CBI and PwC.

A growing focus on short-term fund performance combined with shorter market cycles is prompting professional investors to protect themselves by raising cash positions.