News

First State has launched an offshore Australian Growth fund focusing on large-cap companies, headed up by Naz Ressas.

The FSA has already decided final rules governing platforms ahead of publication of its policy paper in July and will "not budge" on the proposal to ban cash rebates.

Anthony Bolton's China Special Situations investment trust saw performance take a hit from the cost of options he took out to protect against the political situation in Korea.

Alliance Trust has appointed Ilario Di Bon, former manager of the Fidelity Global Opportunities fund, as its global head of equities.

The FSA and Capita Financial Managers Limited (CFM), BNY Mellon Trust & Depositary (BNY) and HSBC Bank (HSBC) have confirmed the voluntary establishment of a £54m package for Arch cru investors.

European markets rallied this morning on news the European Union will support troubled Greece if it introduces additional spending cuts and a privatisation programme.

The world's richest clients are now less loyal to their private bankers and wealth managers as well as less trusting and more demanding, according to a PwC survey.

Paulson fund loses $500m on Sino stake Veteran hedge fund investor John Paulson has lost $500m through selling his entire holding in Sino Forest, a Chinese forestry company fighting fraud allegations, the FT reports.

A group of Jupiter directors and employees, including Edward Bonham Carter and Tony Nutt, have sold off £63m worth of ordinary shares in the group, representing a 5.7% stake.

Newton's Paul Brain said the possibility of Greece defaulting on its debt has tripled since a bailout was first agreed, resulting in a higher risk the country could leave the euro by the end of this year.