News

Andrew Paisley has joined SWIP as investment director, reporting to head of UK equities Peter Cockburn.

J.P. Morgan's Private Equity limited has completed the purchase of a range of assets held by the former Arch cru funds.

RCM Global Investors' Sue Chan is set to join Schroders as a global portfolio manager, sitting on the global and international equities team.

The Investment Management Association (IMA) has opened up its sectors to non-UK firms in a move which will give them full membership of the trade body and bring their funds into the mainstream sectors.

Fidelity is bringing its $115m offshore China Consumer fund onshore with the launch of a mirror fund early next year.

BlackRock has appointed Simon White from Allianz Global Investors' subsidiary RCM as head of investment trusts.

Banks led markets sharply lower in early trading but their shares have now stabilised as markets digest the long-awaited Independent Commission on Banking report.

Chancellor George Osborne has said there are no barriers to the UK launching more quantitative easing amid growing fears over the health of the UK economy, the Financial Times reports.

The final report from the Independent Commission on Banking has recommended UK banks' retail and wholesale arms be split off, and said the 7% capital buffers required under Basel III do not go far enough.

GAM has unveiled the GAM Star Credit Opportunities fund, a UCITS III corporate credit fund that will drive returns through investing in undervalued, US dollar-denominated corporate credit.