News

Swip's Rory Hammerson, manager of its Pan-European Equity, Smaller Companies and SRI funds, has departed the group after more than 12 years.

Tiburon Partners will launch its new Ucits III Taiko and Terra funds on 27 October.

European shares dipped in early trading on Monday with banks reversing some initial gains after ING unveiled plans to launch a €7.5bn (£6.9bn) rights issue and split itself in two.

Henderson New Star is changing the £66m New Star Pacific Growth fund's mandate to provide income as well as growth and will rename it New Star Asian Dividend Income.

Standard Life has received broad agreements with all its top 12 fund partners over new business terms as the platform industry accelerates its re-negotiations with asset managers.

Share, the parent company of broker The Share Centre and asset manager Sharefunds, has taken a 5% stake in the Way Group as part of a commercial tie-up.

China's Q3 GDP figures released on Thursday show the country's economy is on a sustainable path, says J.P. Morgan Asset Management's Geoff Lewis, who believes wide scale fiscal tightening is still far off.

Global market gains over the last two months are bordering on the euphoric, says Julius Baer's Matthias Ramser, who is maintaining a neutral weighting to equities and commodities across the firm's portfolios.

European markets opened up 1.0% this morning (FTSE Eurofirst 300 and FTSE 100) led by the banks and commodity stocks.

The UK economy is still in recession, official figures have revealed, with GDP falling 0.4% between July and September.