News

Shares in Aberdeen Asset Management fell during trading today after it posted net outflows of £2.8bn in the fourth quarter of last year.

US stocks on the S&P 500 have made their best start to the year for 25 years, according to data from Bloomberg.

BlackRock is to launch an absolute return equity fund able to invest across both North and South America later this quarter.

Standard Life Investments' UK Smaller Companies fund, run by Harry Nimmo, is set for a boost as ASOS shares jumped 12% this morning after international sales grew 93% last year.

Jupiter Fund Management reported "modest" net outflows of £225m for the fourth quarter of 2011 as a combination of flagging investor confidence and the loss of a segregated mandate impacted flows.

St James's Place (SJP) welcomed £5.2bn worth of new single investments in 2011 as the wealth manager boosted total funds under management to £28.5bn, up 6% over the year.

Henderson has named Jim Irvine, who currently heads up the fund manager's structured products and advisory unit, as head of its £16bn fixed income business.

The UK may have to fork out £17.5bn to plug a funding shortfall at the International Monetary Fund (IMF) after the organisation warned yesterday it needed additional funds to tackle the eurozone crisis.

Neptune's Rob Burnett has shifted his £946m European Opportunities fund back to a defensive stance in the view pressures in Europe, the US and China will result in 'vulnerable' markets for the rest of Q1.

Premier's Chris White is taking advantage of bearish market sentiment by boosting cyclical exposure and trimming defensives in anticipation of a bounce in equities.