News

Patrick Cooper, chief executive and co-founder of Distinction Asset Management, has stepped down from the company, Investment Week understands.

Jupiter has made its first foray into the energy space with the launch of a global energy fund for the group's resources manager Derek Pound.

Threadneedle is preparing to take on the management of LV='s retail and institutional fund range.

Claude Chene has joined Ignis as global head of distribution, taking over the responsibilities of outgoing sales and marketing director Jonathan Polin.

Fund research director Guy Boden has left Standard & Poor's to join Stamford Associates as an institutional analyst.

Central banks have pulled 635 tonnes of gold from the Bank for International Settlements (BIS) in the past year, the largest withdrawal in more than a decade, the FT reports.

Schroders, Aberdeen and JO Hambro Capital Management were the big winners in the Investment Week Fund Manager of the Year awards last night, with Schroders named Global Group of the Year and Aberdeen winning a number of awards.

Martin Currie is to launch a global emerging markets fund as it moves the rest of its SICAV range to UCITS IV.

Henderson has increased the TERs on 14 Gartmore funds it retained following the takeover of the group in March.

The European Central Bank has hiked its benchmark interest rate to 1.5% as expected.