News

M&G's top-performing fund manager Stuart Rhodes has bought into parent company Prudential as the firm raised its dividend by 20%.

Schroders is converting its £380m Strategic Bond fund into an absolute return portfolio in anticipation of rising interest rates.

Artemis' William Littlewood has moved to a short position in gilts in his £971m Strategic Assets fund, warning the UK's debt position is almost as bad as Portugal's.

The Federal Bureau of Investigation (FBI) has joined the investigation into the alleged manipulation of LIBOR by UK banks during the financial crisis.

BlackRock's £1.6bn World Mining Trust, run by Evy Hambro, has made around 80% on its investment in Glencore's convertible debt, Oriel Securities has said.

Alliance Trust has won its long-running feud with activist Laxey Partners after shareholders voted against the introduction of a discount control mechanism (DCM).

Jeremy Tigue, manager of the £2.3bn Foreign & Colonial investment trust, said private equity is in line to climb in value by 10% before the end of the year.

Henderson manager to overhaul European Growth trust upon takeover from Peak in July

The Aberdeen Emerging Markets Smaller Companies trust will be overweight domestic growth stocks when it launches next month.

Investec Asset Management's Werner Gey van Pittius has warned an imminent restructure of Greek debt would lead to full-blown risk aversion and hit emerging market banks.