News

Ignis Asset Management has hired Mark Lovett as its CIO for equities from Allianz RCM, where he held a similar position.

Newton's Paul Brain is to run a new offshore global bond fund for BNY Mellon Asset Management based on his flagship onshore fixed income product.

Man Group has launched a Ucits compliant fund of European hedge funds, run by Robin Lowe, its head of multi-manager long/short equities.

Investors expect Moody's to cut its Aaa credit rating on Spanish debt by up to two levels after a three-month review it announced in June ends tomorrow.

Bonds funds continued to dominate new inflows in August and helped boost retail sales for the month to a record high, according to the IMA.

Gold catapulted to a new high yesterday charging above $1,3000 an ounce for the first ever time.

City veteran Terry Smith, who will shortly launch his own fund management group, has hit out at performance fees which he argues do nothing more than destroy investor returns.

French MEPs may veto the Alternative Fund Managers Directive (AIFMD) including a key provision for passporting of investment products, which would allow fund managers to sell products across Europe.

The UK index of 100 leading shares was up in early trading, lifted by rises in all the major global markets.

Ashcourt Rowan Financial Planning, part of the Syndicate Asset Management group, has agreed to acquire the IFA business and assets of Co-operative Bank Independent Financial Advisers.