News

M&G saw its net inflows halve in 2011, while operating profits jumped 26% over the year, its results revealed.

Standard Life Investments (SLI) saw profits increase by 21% last year, thanks in part to rising revenues and the continued popularity of GARS.

Schroders' corporate bond manager Adam Cordery expects fund managers will typically hold an average 10% in cash in the future, as liquidity in the market dries up.

Sarasin has launched a new share class for its £169m AgriSar equity offering that removes the fund's performance fee but raises its annual management charge.

Liontrust Asset Management is to acquire Walker Crips Asset Managers (WCAM) in a £12m deal.

Former Schroders head of derivatives Darren Cannon has joined Martin Currie as chief operating officer, reporting to chief executive Willie Watt (pictured).

The Financial Services Authority (FSA) spotted flaws with the Arch cru marketing literature and ordered changes before the funds' suspension, Treasury financial secretary Mark Hoban has claimed.

Greek bonds issued following Friday's €206bn debt exchange are trading at distressed levels, suggesting the deal has failed to reassure investors.

Newton's Asia star Jason Pidcock said Pakistani stocks made more money for his £1.4bn fund in relative terms over the last three years than any other holdings.

Barings is overhauling its Latin America fund, reducing the number of holdings to focus on long-term positions.