News

Ex-Witan investment trust CEO Robert Clarke has joined MAM Funds in the newly created role of group finance director and director of operations.

Graham Tuckwell, one of the pioneers in the exchanged traded fund market, has put his company ETF Securities up for sale with a potential £1bn ($1.6bn) price tag.

Pre-tax profit at Aberdeen Asset Management rose by 44% in the 12 months to the end of September even as net new business dropped by £1.6bn over the same period.

Angela Merkel and Nicholas Sarkozy are set to meet today as political commentators warn Europe is entering the end game for the crisis, which must be resolved this week to save the euro.

The Financial Services Authority's report into the collapse of Royal Bank of Scotland will not examine in any detail the role played by Sir Fred Goodwin and Sir Tom McKillop, its two most senior directors.

The Bank of England has warned lenders it is considering changes to the way bonuses are measured to make it far harder for investment bankers to justify their multi-million pound awards.

Schroders' Jenny Jones has increased cash in her £824m US Mid Cap fund to 9%, warning valuations in US markets are favouring large caps.

Barclays Capital is to launch an onshore version of its Radar fund in February 2012, Investment Week understands.

IMA's new definitions for Managed sectors are met with cautious approval, although some fund groups say more clarification is needed

Clive Beagles, manager of the £880m JOHCM UK Equity Income fund, has warned classically defensive stocks could be dangerous prospects for the next 12 to 18 months as fiscal austerity takes its toll on the UK economy.