News

Majedie Asset Management has closed its Tortoise hedge fund to new investors as assets approach the £350m mark.

Brewin Dolphin saw a 6% fall in revenues over the 13 weeks to 31 December 2011, although assets under management grew, according to an interim management statement released today.

Former RBS chief executive Sir Fred Goodwin has had his knighthood cancelled and annulled by the Queen.

City Financial's Graham Glass explains where value can be found in fixed income markets in 2012.

Scottish Widows Investment Partnership (SWIP) has further strengthened its 50-strong real estate team with the appointment of Geoff Hepburn as investment manager.

Newton has renamed its £1.1bn International Growth fund as former CIO Jeff Munroe takes over as manager.

Staff at Aviva Investors face a wait of up to 90 days before more clarity is given on jobs, following yesterday's announcement by the group that it plans to scrap four equity desks in London.

BlackRock's Bob Doll has shot down the prospect of a further round of stimulus in the US, challenging expectations from leading bond investor Bill Gross at PIMCO.

Gary Shaughnessy, Fidelity's UK managing director, said a new fund charging method called total cost of ownership (TCO) should replace existing fund charges including TERs.

Patrick Harrington, manager of Jupiter's £91m Undervalued Assets fund and its £100m Fund of Investment Trusts, has left the company.