News

Thames River has appointed Gaurav Bamania as assistant fund manager on its UK Absolute Income fund.

S&P has given new ‘AAA' ratings to Newton's Real Return and Balanced funds, which are both managed by Iain Stewart.

The FTSE 100 once again headed higher this morning after closing ahead on Monday for the 11th consecutive session.

Investec plc has announced plans to issue up to 22m new ordinary shares in efforts to repurchase its debt at a discount.

Royal London UK Mid-Cap Growth trust manager Leigh Himsworth will leave the company to become Gartmore's head of UK equities in the autumn.

US stocks traded lower in New York this morning as a number of disappointing trading statements curbed recent investor appetite.

Retail investors are starting to pile back into equity funds at the end of a record quarter for sales, according to the latest IMA monthly figures.

New Gartmore addition John Anderson has taken on the group's institutional gilt range, following Simon Surtees' exit from the company.

Aberdeen has continued to see strong outflows in the second quarter, despite redemptions from its fixed income funds slowing during the period.

GAM is likely to shut Ross Hollyman's $200m fund range when he leaves for Liontrust at the end of this year.