News

Richard Evans, co-manager of the £204m Martin Currie Asia Pacific fund, will leave the firm and the fund management industry at the end of September.

Former GLG hedge fund manager Jason Mackay has joined digital agency Shout Digital.

The Bank of England's Monetary Policy Committee (MPC) has left rates on hold at 0.5%.

Standard Life Investments is set to increase its annual management charges across seven retail offerings including Harry Nimmo's £1.2bn UK Smaller Companies fund.

Cru investment management founder Jon Maguire cashed in his £150,000 investment in Arch cru just 14 weeks before the fund range was suspended, and while his firm was still promoting the troubled fund to other investors.

Ignis has hired Mark Holden to run its underperforming £122m UK Focus fund as the group continues to restructure its UK equity team.

Investors in News Corp, the media giant which owns The News of the World, are fleeing the company as it comes under pressure from politicians and advertisers over the phone hacking scandal.

Man Group has blamed challenging market conditions for more than $1bn of negative investment movement in the first quarter of 2011.

Thursday newspaper round-up: Lehman Brothers secretly borrowed billions of dollars from the US Federal Reserve months before the investment bank filed for bankruptcy, it has emerged.

The downgrading of Portugal's debt to 'junk' status by Moody's earlier this week has led to renewed criticism, this time from the European Commission (EC), of the role and behaviour of credit ratings agencies.