News

Skandia has replaced Lazard as the manager of one of the largest mandates it has ever given out, handing the assets to Aegon's Audrey Ryan.

Investec Structured Products has raised £3.8m for its first VCT launch. The venture capital trust, which is run in partnership with Calculus Capital, will invest in a combination of structured products and venture capital investments.

Quality Capital Management (QCM) is pushing into the retail market with the launch of a Ucits III version of its managed futures hedge fund.

Bryan Collings has cut the number of holdings in his Hexam Global Emerging Markets fund on expectations of a further 10% slide for developing world equities.

Fund managers fear strong near-term pressures on gilts and sterling after the market reacted poorly to a hung parliament last week.

Philalithis, Akbar and Gibson put stamp on MM portfolios

In crisis talks over the weekend, EU finance ministers and the IMF agreed emergency measures worth €750bn to try and prevent contagion from the Greek debt crisis affecting other countries in the eurozone.

Goldman Sachs is to "sue for peace" in the fraud trial brought by the SEC over its Abacus vehicle.

The UK's hung parliament on top of the Greek debt crisis weighed heavily on investor sentiment today as the FTSE plunged dramatically in afternoon trading.

Incisive Media editorial services director David Worsfold and Professional Pensions editor Jonathan Stapleton discuss the election result and assess its impact for the financial markets.