News

Lehman Brothers Holdings is claiming $500m from Barclays for allegedly failing to pay all the bonuses it agreed to when it bought the defunct investment firm's North American business.

Aberdeen Asset Management has seen its profit before tax surge 54% to £142.8m for the six months to the end of March.

AXA Investment Managers is to hand its Health and Biotech funds to Mark Hargraves and Bruno Grandsard on a temporary basis.

The Bank of England will not hike interest rates until 2013 as the economic recovery remains "pretty weak," former treasury adviser Roger Bootle has said, a day after Bank governor Mervyn King dismissed an early rise due to the "sheer volume of debt in...

Standard Life Investments' Karen Robertson is running a 10% position in miners within her UK Equity High Income fund despite the lack of yield historically available in the sector.

Jupiter's chief investment officer John Chatfeild-Roberts has upped his weighting to Latin America across his £6bn Merlin multi-manager portfolios after taking profits in the region last month.

JO Hambro Investment Management (JOHIM) is considering a merger between the recently-acquired global mandate from Spencer House Capital Management with its Waverton Global Equity fund.

Brewin Dolphin has thrown its weight behind Alliance Trust and said it will vote against the resolution put forward by Laxey Partners to introduce a discount control mechanism.

Allianz's Michael Konstantinov is reversing the bias towards Russia and energy stocks he introduced in November last year to shift back into China, Brazil and India.

COALITION ONE YEAR ON