News

Swip has hired former Old Mutual head of fixed income and global macro Andrew Tunks as its interim director of fixed income.

Martin Currie has more than doubled exposure to oil services and refining stocks in its Global Energy fund on the belief increased expenditure by large cap exploration companies will drive revenues for firms further down the supply chain.

Royal Bank of Scotland has reported third quarter losses of £1.5bn following a near tripling of its bad debts write-offs.

The FSA has fined UBS £8m - the third largest fine it has ever imposed - for allowing four employees unauthorised access to at least 39 customers' accounts.

Interest rates have been held at 0.5% by the Bank of England for the eighth consecutive month.

Hysni Kaso, news editor on Investment Week, won the IMA Specialist Journalist of the Year award last night.

Lloyd George Management has launched a global emerging markets fund for former Invesco Perpetual veteran Kathryn Langridge.

Andy McNulty has joined J.P. Morgan Asset Management as regional sales manager covering the north of England.

OBSR has withdrawn the £156m New Star Global Financials fund's ‘A' rating following the departure of lead manager Guy De Blonay last week.

Net retail sales of fund of funds soared to their highest ever level in Q3 to £1.4bn, more than four times the £297m recorded in the same period last year.