News

PSigma Investment Management has promoted Balanced Managed Fund of Funds manager Tom Becket to its CIO position.

Scottish Widows Investment Partnership (SWIP) is spending to scoop up some of the world's least popular assets.

Montanaro small cap specialist Dan Harlow has joined AXA Framlington's UK equities team.

Strong Christmas sales at Tesco helped keep the FTSE in the black with a slight rise of 0.02% to 5,539.38 in early trading.

Cazenove Capital Management has appointed Simon Cooper to help build the SIPP part of its wealth management division.

Ignis Asset Management has appointed Chris Fellingham as chief investment officer, fixed income.

Majority HBOS-owned property fund manager Inivsta has revealed it is in talks over a possible offer for the company.

Manchester United is to raise £500m through a bond issue in a bid to pay off its debts.

Skandia Investment Group (SIG) has started the year overweight equities in expectation of a continuing market rally in 2010.

Investment management companies saw out 2009 on a high with sustained profitability and increased confidence, a survey suggests.