News

Former Gartmore fund manager Sacha Sadan has joined Legal & General Investment Management as director of corporate governance.

Allianz is converting its £58m RCM UK Growth fund into an absolute return portfolio the group thinks will be better placed to perform in a 'range bound' market.

Standard Life Investments (SLI) has exited the money market funds sector, citing the "substantial" regulatory and capital burden upon the vehicles.

Gervais William's first launch through MAM Funds in his new role as managing director has met its capital raising target of £50m.

Asian markets rallied overnight after the Federal Reserve indicated it will not hike interest rates.

The Witan Pacific investment trust has declared a final dividend of 2.8p, a rise of one-third year on year, after seeing the NAV soar more than 25%.

The Federal Reserve last night cut its growth forecast for the US and warned inflation is higher than expected, while hinting QE2 is on track to finish in June as planned.

Andrew Dalton, who founded and was managing partner and chief investment officer of Dalton Strategic Partnership, has died after suffering a heart attack.

The dollar has plummeted to a 16-month low against the euro as markets expect the Federal Reserve to signal it will hold interest rates.

Interest rates will be held at the historic low of 0.5% in May as the economy remains muted, according to AXA Investment Managers' Chris Iggo.