News

Aegon has let go four members of its European equity team as part of a restructure which will also see the departure of the group's sales and marketing director Jon Bennett.

HSBC Ucits AdvantEdge fund of hedge funds is due to launch at the end of November and will be available for investment from both retail and institutional investors.

Private bank and wealth managers Kleinwort Benson has been sold by Commerzbank to Brussels based RHJ International for £225m in cash.

Rathbones is in discussions with Lloyds over the sale of the banking giant's non-core private client discretionary management activities.

The FTSE 100 hit a fresh year high this afternoon as global markets surged forwards.

The administrators of structured product providers NDFA and DRL say their priority is to confirm investor funds have been segregated from the firms' business accounts.

Octopus Investments will launch a Secure VCT which it says will cut investors' income tax bill, keep capital secure, and allow a clear exit after five years.

US small and mid cap equities remain attractively valued on an historical basis, despite sharp gains since March, says T. Rowe Price's David Wagner.

John Flint has been appointed as chief executive of HSBC Global Asset Management.

European markets have opened very strongly this morning with the DJ Euro Stoxx 600 up 1% and the FTSE All-Share up 1.3%.