News

Goldman Sachs' Nicholette MacDonald-Brown has joined Schroders as a fund manager on the European equities team.

Liontrust's James Inglis-Jones has bought into Continental Europe in his £341m Income fund for the first time since taking it over from Jeremy Lang and William Pattisson in 2009.

The delay in the US government's efforts to raise its debt ceiling now means it holds less cash on its balance sheet than tech giant Apple.

Global markets climbed overnight on news the US has agreed a solution to its debt crisis, which will ease fears of the country losing its AAA-credit rating.

Principal Investment Management's latest income study has suggested investors should switch out of Carl Stick's £481m Rathbone Income fund and Nick Kirrage and Kevin Murphy's £1.3bn Schroder Income fund as performance deteriorates.

Henderson is testing the water for a C-share issue to raise additional capital for John Pattullo's Diversified Income trust.

President Barack Obama has announced a deal to end the US debt crisis, which will raise the nation's debt ceiling by at least $2.1trn and cut the federal deficit by as much as $2.5trn over a decade.

The UK economy will only grow at a "sluggish" rate this year, according to the CBI.

Manager rotates Income Growth away from mega caps to broaden income stream

F&C Investments' UK equity head Peter Lees has been moving up the market-cap scale in his £210m UK Alpha fund, upping exposure to FTSE 100 names by 15% since the start of the year.