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IMF lifts UK growth forecast as US and Russia see sharp drops

24 July 2014 5:35 pm | By Sam Macdonald

International Monetary Fund has upgraded the UK’s growth forecast for this year to 3.2 per cent.

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Legg Mason to buy Martin Currie

24 July 2014 1:49 pm | By Jon Yarker

Deal expected to close by fourth quarter of this year. 

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RLAM prepares absolute return bond fund launch

24 July 2014 12:50 pm | By Michael Berry

Royal London hopes Paul Rayner and Darren Bustin will be running an absolute return bond fund by the end of the year.

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Hackers demand cash for stolen ECB data

24 July 2014 11:02 am | By Gary Jackson

The public website of the European Central Bank has been hacked by cybercriminals demanding payment for the return of stolen data.

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Ashcourt Rowan appoints HSBC duo as investment directors

24 July 2014 10:35 am | By Sam Macdonald

Andre Girault and Tim Dickens will both take up role of investment directors in firm’s London office.

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Brooks Macdonald assets up 28% following DPZ acquisition

24 July 2014 8:47 am | By Jon Yarker

Firm’s discretionary FUM was £6.55bn as of 30 June. 

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Rathbones to pay £15m to settle Jersey trust dispute

24 July 2014 8:43 am | By Gary Jackson

Rathbone Brothers has agreed to pay £15m as part of a conditional settlement of a legal battle involving an employee of a former subsidiary.

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Investment Analysis: The rise and rise of biotech

24 July 2014 | By Michael Berry

Biotech’s rampant growth over the past few years is the recognition of IP written off by cagey investors post-credit crunch, managers say

Bestinvest spot the dog 07/14

Standard’s UK smaller cos fund in Spot the Dog list for first time

24 July 2014 | By Sam Macdonald

Three M&G funds made up 55 per cent of the £19.55bn assets on the Spot the Dog list.

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HMRC to review VCT and EIS taxation

23 July 2014 3:04 pm | By Michael Glenister

Review to focus on effects of expansion to tax scheme in 2012.

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L&G hires Aviva Investors manager for multi-asset team

23 July 2014 12:30 pm | By Jon Yarker

Andrzej Pioch will work alongside the firm’s multi-asset team.

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Schroders Global Property Securities manager Rehlaender quits European Investors

23 July 2014 10:28 am | By Sam Macdonald

Rehlaender’s departure comes after Schroders announced it was taking the management of all Global Property securities funds in-house. 

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JPMAM to close five fixed maturity bond funds

23 July 2014 10:28 am | By Gary Jackson

JP Morgan Asset Management plans to close five fixed maturity bond funds following a narrowing of their investment universes.

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FCA brings criminal case over unauthorised investment scheme

23 July 2014 10:01 am | By Tessa Norman

Individual faces 13 charges, including fraud. 

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S&P 500 closes at new record as geopolitical concerns ease

23 July 2014 9:02 am | By Gary Jackson

The S&P 500 has closed at a new all-time high on the back of easing geopolitical concerns and a positive reaction to US inflation numbers.

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Brewin Dolphin sees £300m inflow over past quarter

23 July 2014 8:56 am | By Jon Yarker

However trail switch-off saw a decline of 36 per cent from last year’s third quarter.

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Charles Stanley ‘disappointed’ by commission income drop

23 July 2014 8:36 am | By Gary Jackson

Charles Stanley Group saw total revenues increase over the second quarter of the year, although its directors are “disappointed” to see commission income fall by more than 16 per cent.

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Fidelity to acquire City's UK Opportunities fund as Himsworth joins

22 July 2014 2:29 pm | By Michael Berry

Fidelity Worldwide Investment is buying Leigh Himsworth’s City Financial UK Opportunities fund.

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Praemium shuffles management team

22 July 2014 12:35 pm | By Michael Glenister

Praemium has shuffled its management team, with head of platform distribution Jon Farmer becoming UK chief operating officer.

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Alliance Trust launches two SRI funds

22 July 2014 9:26 am | By Jon Yarker

Pair of funds will be risk profiled by Distribution Technology. 

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SFO launches criminal investigation into forex rigging

22 July 2014 8:58 am | By Steve Tolley

Serious Fraud Office launches inquiry into allegations Carney says could be bigger scandal than Libor.

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Arbuthnot agrees sale of structured product business

22 July 2014 8:55 am | By Jon Yarker

Arbuthnot Banking Group has agreed to sell its structured product business by the third quarter of 2014.

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Ashcourt Rowan COO exits in board restructure

22 July 2014 8:29 am | By Jon Yarker

Non-exec director Steve Haines also stepping down from the board but remaining with the firm. 

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Kearney exits Aberdeen and hands over multi-asset reins to Swip duo

21 July 2014 4:23 pm | By Pamela Morris

SWIP’s Mark Harries and Simon Wood will now oversee Aberdeen’s multi-manager range as Aidan Kearney exits.

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City Financial's Leigh Himsworth to leave for Fidelity

21 July 2014 3:17 pm

City Financial head of UK equities Leigh Himsworth is leaving the firm to join Fidelity.

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Miton's David Jane overhauls one-third of Gray's portfolio

21 July 2014 10:57 am | By Jon Yarker

Miton fund manager David Jane has already turned over a third of the portfolio he inherited from Martin Gray.

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IMA questions ESMA/Mifid II dealing commission proposals

21 July 2014 10:56 am | By Sam Macdonald

IMA regulatory head Guy Sears says more work needs to be done around dealing commission and has queried whether rules need to go further than recurrent FCA rules.

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Chinese fund groups eye UK launches

21 July 2014 8:58 am | By Jon Yarker

Three of China’s largest asset managers are mulling UK expansion, according to reports.

Bestinvest spot the dog 07/14

Bestinvest names SLI's Nimmo in Spot the Dog list for first time

19 July 2014 7:00 am | By Sam Macdonald

Three M&G funds made up 55 per cent of the £19.55bn assets on the Spot the Dog list.

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FCA could still surpass Mifid II on dealing commission

18 July 2014 1:00 pm | By Sam Macdonald

The FCA has confirmed it is set to make one asset manager pay redress to clients over improper use of dealing commission.

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RBS eyes sale of Coutts' overseas arm

18 July 2014 8:40 am | By Pamela Morris

The private banking arm is already being integrated with the UK commercial lending division at RBS as part of a new UK-focused strategy.

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Walker Crips increases AUM by 3% in Q1

18 July 2014 8:33 am | By Sam Macdonald

Walker Crips has reported a 3 per cent increase in discretionary and advisory assets under management to £1.37bn.

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Square Mile's top five UK funds for capital growth - and one to watch

17 July 2014 10:42 am | By Gary Jackson

Square Mile Investment Consulting & Research has launched its Academy of Funds, which showcases all of the funds the consultancy is prepared to recommend to clients.

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HMRC recoups £135m from Swiss banking clients

17 July 2014 8:37 am | By Pamela Morris

A list of 24,000 client names across Europe was leaked by former HSBC private bank employee Herve Falciani.

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Legg Mason unveils Brandywine global credit fund

17 July 2014 8:30 am | By Jon Yarker

Fund is a Dublin-domiciled version of a pre-existing US fund. 

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Yousefian exits Charteris after three months

16 July 2014 2:33 pm | By Jon Yarker

OPM Property fund is still with Charteris Treasury Portfolio Managers. 

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Nine funds win five FE crowns in their first rating

16 July 2014 12:23 pm | By Jon Yarker

Elsewhere, 12 funds were awards four FE crowns in their first rating. 

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Henderson increases fee on TR European Growth trust

16 July 2014 10:41 am | By Sam Macdonald

The trust is managed by Henderson Pan European Smaller Companies associate director Ollie Beckett.

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UK unemployment falls to 6.5%

16 July 2014 9:54 am | By Sam Macdonald

UK unemployment fell to a new five-year low of 6.5 per cent in the three months to May.

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Yellen warns of 'stretched' valuations in social media and biotech

16 July 2014 8:44 am | By Pamela Morris

The Fed chairman also cautioned over valuations and issuance in high yield debt as well as the leveraged loan market.

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