News

Skandia has given its Ethical fund an environmental focus in an effort to boost sales.

Gartmore has launched a hedge fund for John Bennett on its European equities team.

Liontrust has closed its global equities desk, led by Ross Hollyman, less than a year after the team joined.

Former Société Générale investment bank head Jean-Pierre Mustier has been fined €100,000 (£81,950) by France's AMF financial regulator over insider trading as the financial crisis began.

BP has returned to banks seeking additional short-term loans to help tackle its growing liabilities following the Gulf of Mexico oil spill.

Net retail fund sales fell below £1bn for the first time in 18 months in May as the euro area crisis hit investor sentiment, IMA data shows.

The FTSE hit a new intra-day low for 2010 in early trading on Thursday following murmurs ratings agency Moody's may downgrade the triple-A sovereign ratings on Spain.

Hedge funds and asset managers will be caught by the EU-led crackdown on bankers' bonuses, it emerged last night.

Investors in China must look to companies not reliant on cheap labour for their competitive advantage, as this will soon fade, says M&G's Matthew Vaight.

Asset manager Neuberger Berman Europe is launching a Ucits III global equity fund