News

Peter Hames is to step down as head of Asian equities at Aberdeen Asset Management Asia later this year.

Fidelity Special Situations fund manager Sanjeev Shah remains bullish on the long term prospects for banks, believing the sector is a strong multi-year story for investors.

Investec Asset Management has launched three new funds for its Luxembourg-domiciled GSF range - which utilise full Ucits III powers in the energy, natural resources and currency sectors.

Allianz Global Investors is set to enter the UK absolute return space in the first quarter of this year with UK equity and multi-asset products.

Invesco Perpetual's Neil Woodford believes dividends of the stocks in his portfolios could grow by up to 10% this year.

Aberdeen has acquired £13.5bn of long-only multi-manager and fund of hedge fund assets from RBS Asset Management for £84.7m.

Witan Investment Trust has hired Andrew Bell as its new CEO to replace Robert Clarke, who has only held the position since September 2008.

US shares fell in early trading on the back of interest rate concerns following the Chinese Central Bank's decision to increase its inter-bank rate for the first time in four months.

Threadneedle has hired Barings' James Thorne to its UK smaller companies team as part of a trio of new additions to boost its UK equities division.

F&C's multi-manager team has added L&G Managed Monthly Income to the bond portion of its Lifestyle Defensive portfolio.