News

Natixis has opened its high yield-focused Euro High Income fund to UK retail investors.

Collins Stewart's Martin Turner has today joined MAM Funds as co-manager of Gervais William's Diverse Income trust.

HSBC and Barclays saw their share prices dive today as profits were hit by the banks' provision for PPI claims.

John Millar is stepping down from his role as manager of the £135m Martin Currie Pacific trust after the board decided to reduce the trust's exposure to Japan.

Clive Capital, the world's largest commodity hedge fund, lost $400m following a collapse in the oil price last week, the FT reports.

Shares in Barclays were off around 1% in early trading after it abandoned its legal challenge against PPI mis-selling and set aside £1bn to cover customer redress and administration costs.

Alliance Trust Asset Management is planning to launch a global equity income fund later this year as it looks to expand its retail product offering.

Polar Capital's financials manager John Yakas is shunning the troubled Southern European banking sector in favour of ‘more transparent' emerging European banks.

Skandia Investment Group has removed the Asian mandate within its £312m Global Best Ideas fund from Treasury Asia Asset Management's Peter Sartori, handing it to Far East specialist Tiburon Partners.

Felix Wintle, the manager of the £673m Neptune US Opportunities fund, has blamed a tough first quarter this year for his fund's lacklustre performance over the last 12 months.