News

First State Investments is launching offshore versions of its Asia Pacific and Global Emerging Markets funds.

The Dow Jones closed higher at 10611.81, up 44.51 points (0.42%), marking its third day of rises and its highest closing level since January 19.

A one-year investigation into the collapse of Lehman Brothers has found evidence top executives including Dick Fuld approved misleading financial statements.

Royal London Asset Management has altered the compensation plan for its equity managers to incorporate an element of longer-term performance.

The £1.9bn Foreign & Colonial investment trust has brought management of its Japan mandate back in-house to F&C after removing Goldman Sachs.

Barings' Percival Stanion remains cautious on equity valuations believing the risks to the bond market could derail the current bull run.

Baillie Gifford is to cut the AMC on its Greater China fund to bring it in line with the firm's other equity products.

South African banking group Investec will join the ranks of the largest companies in the London market when it replaces Resolution in the FTSE 100.

Aegon has cut the AMC on its newly-launched Global Opportunities fund for the first €150m under management.

Hargreaves Lansdown has dropped Martin Currie's Global Alpha fund from its Wealth 150 list, citing lagging relative performance and poor stock selection.