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Tribunal upholds ban and fines hedge fund manager £2.7m

30 July 2014 12:47 pm | By Sam Macdonald

Alberto Micalizzi was banned and fined in May 2012 for not being fit and proper.

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Game resigns from Axa Framlington Health

30 July 2014 11:22 am | By Michael Berry

Axa Framlington Health manager Gemma Game is leaving Axa Investment Managers after three years at the helm of the £371m fund.

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Barclays hit by fall in investment banking arm profits

30 July 2014 8:57 am | By Devraj Ray

Investment banking profits are down 18 per cent year-on-year, pushing down overall profits by 7 per cent.

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SFO eyes criminal charges for Lloyds Libor riggers

30 July 2014 8:43 am | By Michael Berry

The Serious Fraud Office has set up a crack team to investigate whether it can bring individual criminal charges against Lloyds Banking Group traders that meddled with Libor for the bank’s gain during the financial crisis.

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Jupiter increases AUM to £33bn but profits dip 18%

30 July 2014 8:29 am | By Sam Macdonald

Total net inflows rose to £1.3bn but pre-tax profit falls to £48.4m.

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Which funds best defended your money during the tech turbulence?

29 July 2014 3:23 pm | By Pamela Morris

Fundweb looks at the funds that managed to ride out the recent sell-off in the tech sector and those that have delivered the best performance as the sector bounces back.

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Axa IM appoints senior economist

29 July 2014 2:14 pm | By Sam Macdonald

David Page was most recently senior economist at Lloyds Banking Group

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Hargreaves kicks Jane’s CF Miton Strategic Portfolio off Wealth 150

29 July 2014 12:41 pm | By Gary Jackson

The CF Miton Strategic Portfolio fund has been removed from Hargreaves Lansdown’s Wealth 150 after its recent change of manager.

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Woodford fuels record £1.4bn rush into UK Equity Income

29 July 2014 11:51 am | By Michael Berry

A record £1.4bn flowed into UK Equity Income in June, driven by the launch of Neil Woodford’s much-anticipated solo fund.

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New direct approach unveiled for SLI global property fund

29 July 2014 11:02 am | By Michael Berry

Standard Life Investments is upping the direct property range for its newly-renamed Global Real Estate fund to between 50 and 80 per cent.

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Woodford jumps onto The Share Centre’s sales leaderboard

29 July 2014 10:58 am | By Gary Jackson

Neil Woodford’s new fund has secured two spots on The Share Centre’s most popular funds list for June after investors rushed in to its accumulation and income share classes.

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BlackRock hard-closes European Opportunities Extension fund

29 July 2014 9:42 am | By Sam Macdonald

The fund prevented new subscriptions from new and existing shareholders from 22 July.

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Invesco Property Income trust suspends shares as it begins wind-up

29 July 2014 8:57 am | By Michael Berry

Investors are “virtually certain” to take a bath on the Invesco Property Income investment trust, which has now had its shares suspended.

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SJP profits down as FSCS levy hits distribution arm

29 July 2014 8:47 am | By Tom Selby

St James’s Place has reported an 8.5 per cent drop in pre-tax profits, from £90.1m in the first half of 2013 to £82.4m this year.

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Invesco Asean Equity co-manager Maggie Lee exits

28 July 2014 1:36 pm | By Sam Macdonald

A fund update confirmed that Lee will depart for personal reasons and fellow co-manager William Yuen will assume sole management of the fund.

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DeAWM poaches Allianz GI Europe chief

28 July 2014 10:18 am | By Sam Macdonald

James Dilworth replaces Wolfgang Matis who retired in June.

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Aberdeen hit with £4bn equities redemption as outflows reach £5.5bn

28 July 2014 8:38 am | By Michael Berry

Aberdeen Asset Management had £5.5bn of outflows in the third quarter, alongside £3.3bn outflows from Swip funds.

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Axa, Liontrust, Old Mutual and Premier funds fall off SPI's White List

28 July 2014 8:01 am | By Gary Jackson

Four funds have been dropped from Sanlam Private Investments’ White List of UK equity income outperformers, to be replaced by offerings from Threadneedle, RBS, Fidelity and Invesco Perpetual.

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Ratings agency raises concerns over FundsNetwork transparency

25 July 2014 11:30 am | By Sam Macdonald

The FundsNetwork platform is legally owned by the Bermuda-domiciled FIL Ltd.

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Ashcourt Rowan intermediary head leaves after four months

25 July 2014 11:24 am | By Sam Macdonald

Chris Legge was formerly Brewin Dolphin intermediary business development manager.

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UK GDP passes pre-crisis high after 0.8% jump

25 July 2014 9:52 am | By Jon Yarker

As a result, annual GDP growth edges up to 3.1 per cent from 3 per cent in the first quarter.

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Miton multi-asset funds hit by £183m in H1 outflows

25 July 2014 8:55 am | By Jon Yarker

However in total the group saw net inflows of £29m during this time.

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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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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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