News

Schroders is to launch a range of Z share classes across its UK fund range next month which do not pay trail commission.

Neil Wilkinson has joined Royal London Asset Management (RLAM) as manager of the £514m Royal London European Growth fund.

Investec's Jacob Robbins has joined Premier Asset Management as lead manager of the Premier Global Alpha Growth fund.

The FTSE 100 soared to its highest level since early August in morning trading, as investors remained hopeful of a resolution in Europe.

Paul Feeney is set to join Old Mutual's Long-term Savings divison (LTS) as chief executive of asset management.

The US is set to see another ratings agency strip it of its AAA-credit rating by the end of the year, Bank of America Merrill Lynch has predicted.

Leading banks are at odds with European policymakers after lenders offered to take a haircut of 40% on their Greek bonds, but leaders said the proposals do not go far enough.

BlackRock's Richard Plackett has warned profits are set to come under severe pressure under the next six months as macro uncertainties weigh on corporates.

RWC Partners is converting its UK hedge fund Pilgrim into a UCITS product to compete with the likes of BlackRock's UK Absolute Alpha fund in the retail market.

Schroders' star manager Richard Buxton has been boosting exposure to UK banks in the view they will not need further bailouts, and their share prices are too low to ignore.