News

Premier has hired former Threadneedle manager Chris White to take over three income funds from veteran Bill Mott.

Positive earnings reports from some of the FTSE 100 top players have boosted the index this morning.

Funds under management at St James's Place climbed £2.4bn to £24.8bn in the three months ending 30 September, and have now doubled over the last five years.

Fundsmith founder Terry Smith has laid down the gauntlet to other asset managers, offering a high-conviction equity fund with no initial charge and 1% AMC.

TERRY SMITH TALKS TO IW

City veteran Terry Smith has today launched a high-conviction and low-cost equity fund he believes to be ‘unlike any other product' in the retail market.

Anthony Bolton's Fidelity China Special Situations trust could be set to issue more shares after the company's price widened to a 13% premium over NAV.

Mark Mobius, the world's most recognisable emerging markets manager, is being investigated in Turkey over possible market manipulation following requests from investors in the country.

Former Threadneedle managers Peter Allwright and Stuart Frost have taken over management of the RWC Cautious Absolute Rate and Currency fund.

Investec Asset Management has broadened the benchmark of its flagship Managed Currency fund to increase emerging market exposure.