News

Suresh Sadasivan has joined Legal & General Investment Management (LGIM) as head of Asian equities, replacing David Riddle who is retiring after 14 years in the role.

Andrew Sentance has warned against any further delay in raising rates in his last speech as a member of the Bank of England's Monetary Policy Committee.

Business secretary Vince Cable has prompted a new confrontation with Chancellor George Osborne after warning Britain could face the "bomb" of a second financial emergency.

Goldman Sachs and HSBC are two of the banks that stored funds for Libya's government investment fund under Muammar Gaddafi, according to reports.

Apollo Multi Asset Management has launched a discretionary fund management service with six risk managed portfolios on the Novia platform.

Man Group is planning to follow up the launch of its Nomura Global Trend fund with another vehicle run up by GLG, the fund manager it acquired last year.

Martin Currie is changing the investment focus of its Securities Trust of Scotland from UK to global equities, with Alan Porter taking over as lead fund manager from Ross Watson.

The Investment Management Association (IMA) has proposed scrapping the Active, Balanced and Cautious tags and merging the Absolute Return sector into a new managed sector, in its review of the Managed peer groups.

The OECD has sent out a stark warning the global economic recovery could spiral into stagflation on the back of rising oil and commodity prices.

Jack Loudoun, manager of the Invesco Gilt fund, has resigned from the company after eight years at the firm.