News

GAM is launching a range of active funds on the Cofunds platform as the asset manager looks to grab a foothold in the retail market.

Aberdeen and Schroders have rejected Glencore after its listing this month, according to the commodities giants' share register.

The head of the Eurogroup sent the single currency tumbling yesterday after he issued a warning to Greece that it may not be bailed out again if it gets into further difficulty.

London's leading share index is continuing to build on yesterday's gains despite US GDP growth remaining muted at 1.8% in the first quarter.

The Bank of England is "failing in its remit" to control rising inflation which could undermine demand for bonds, according to Artemis manager James Foster.

Fidelity has slammed the Investment Management Association (IMA) for deciding to rename the Managed sectors Managed A,B,C and D.

The US economy grew at a worse than expected 1.8% in the first quarter, unchanged from April's first reading, the US Commerce Department has confirmed.

The Investment Management Association (IMA) is to scrap the existing definitions and names of the Managed sectors, renaming them Managed A-C and introducing a new sector, Managed D.

Rajeev De Mello is leaving his role as Asian bond manager at Western Asset, Legg Mason's fixed income subsidiary, on 10 June.

BlackRock has bought about £63m worth of shares in Jupiter, doubling its stake in the fund manager to more than 10%.