News

Axa Rosenberg is to shut down its UK Small Cap Alpha fund as its assets have dwindled to £3m.

The FTSE 100 has opened 1.3% lower this morning as global indices continue to decline.

Prudential has declined to comment on whether its chief executive, Tidjane Thiam, would receive a bonus this year after the failed bid he fronted for AIA cost shareholders an estimated £300m.

Jupiter has set the price range of its IPO at between 150p and 210p per share, valuing the asset manager at £718m to £868m.

Robin Geffen, the architect of Pru's AIA downfall, believes the botched deal could be a defining moment in the fight for investor justice.

Prudential plans to terminate its proposed acquisition of AIA after failing to reduce the $35.5bn cost of the deal.

Martin Currie has acquired the $140m Sofaer Capital European hedge fund along with its management team.

Indian asset management firm Kotak Mahindra has launched an India Mid-Cap fund into the UK retail market.

Annual inflation in the Organisation for Economic Co-operation and Development (OECD) area remained stable in April at 2.1%, although food and fuel prices rose.

Government bond yields have continued to dive today as ‘fear' grips global risk assets.