News

Euan Munro's multi-asset team is set to step down from managing Standard Life Investments' £79m Managed fund, as the group plans to convert it into a global equity income portfolio.

Consumer Prices Index inflation could fall to 3% by the end of Q1 2012 as the impact of the VAT hike and high oil prices falls away.

The FSA has confirmed its proposed ban on legacy commission in a widely-expected move.

Patrick Evershed's legal battle with New Star is unlikely to be completed this week, with the hearing potentially dragging on until January, the chair of the court announced yesterday.

John Paulson, the billionaire hedge fund manager, cut his holdings in a gold ETF during the third quarter.

T. Rowe Price has added a European High Yield Bond strategy to its fixed income range, managed by Mike Della Vedova.

Britain must give more to the European Union by agreeing to a Europe-wide tax on financial transactions, according to a senior German politician.

M&G bond fund manager Mike Riddell has warned the crisis in Europe has taken a turn for the worse after bond yields in core European countries rocketed yesterday.

A Federal Reserve official has called for more "monetary accommodation" to tackle surging unemployment and the country's under pressure mortgage market.

The European Commission (EC) has proposed a crackdown on ratings agencies such as Standard & Poor's (S&P) and Moody's which would see them held accountable for mistakes and ensure they followed stricter rules.