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Rob Langston Editorial, Fundweb.co.uk
Rob joined Fundweb in 2011 as associate editor before being appointed deputy head of investment news in 2012. He is a former winner of the Headlinemoney trade journalist of the year award and has worked at a number of financial titles since beginning his career in 2007.
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Martin Currie replaces North American manager
2 Jul 2012
Martin Currie Investment Management has replaced North America fund manager David Forsyth with new hire Penny Kyle.
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Psigma appoints chief operating officer
2 Jul 2012
Psigma Investment Management has appointed Nina Krishna as chief operating officer.
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IMA consults on fund charges disclosure
28 Jun 2012
The Investment Management Association has launched a consultation on enhanced disclosure for fund charges and transaction costs.
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Moody's downgrades Spanish banks
26 Jun 2012
Ratings agency Moody’s Investors Service has downgraded 28 Spanish banks, over the weakening of the Spanish government’s creditworthiness.
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Cyprus approaches Eurogroup for aid
26 Jun 2012
Cyprus has approached the eurozone countries for aid to contain risks within its economy.
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Walker Crips raises £1.7m from Liontrust share sale
25 Jun 2012
Walker Crips Group has raised £1.7m from the sales of more than 1.8m shares in Liontrust Asset Management it acquired as part of the sale of its asset management arm.
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Vanguard investment chief steps down
25 Jun 2012
Vanguard chief investment officer Gus Sauter is to retire at the end of the year.
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Treasury consults on Scottish gilts
22 Jun 2012
The Treasury has begun a consultation on whether the Scottish government should be able to raise debt.
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JP Morgan appoints global fixed income head
22 Jun 2012
JP Morgan Asset Management has announced Chris Willcox will take over as global head of fixed income and currency at its investment managment arm.
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RBS clashes over Moody's rating
22 Jun 2012
Royal Bank of Scotland Group has lashed out following its ratings downgrade by Moody’s.
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Tonkinson named global distribution head for Skandia/Old Mutual
21 Jun 2012
The appointment follows the recent decision by Old Mutual to merge the asset management businesses.
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Mervyn King wanted to add £50bn to QE programme
20 Jun 2012
Bank of England governor Mervyn King voted to increase the asset purchase facility by £50 billion earlier this month
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Barings to launch emerging markets corporate debt fund
20 Jun 2012
Baring Asset Management is to launch the Baring emerging market corporate debt fund for manager Faisal Al.
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M&G to launch episode defensive fund
19 Jun 2012
Asset manager to launch the M&G Episode Defensive fund - to be managed by Eric Lonergan.
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UK inflation falls to 2.8%
19 Jun 2012
Fall fuelled by a drop in petrol prices.
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Greece vote backs austerity and euro
18 Jun 2012
The results of the latest Greek elections have shown support for its continued membership of the eurozone.
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Fidelity's Bolton reveals 'disappointing' performance
12 Jun 2012
The net asset value of the Fidelity China special situations investment trust has fallen by 18.5%.
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EEA Life Settlements fund to reopen to investors
12 Jun 2012
The EEA Life Settlements fund is preparing to reopen to investors after policy maturities of more than £48.3m were paid into the fund.
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Dragon-launched Insynergy to close funds
6 Jun 2012
The boutique fund manager launched with backing from Dragons Den panelist James Caan - is proposing to close its funds.
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City Asset Management founder dies
1 Jun 2012
Viv Coghil, managing director of City Asset Management, has died following a short illness.
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IMA makes three proposals for absolute return sector overhaul
1 Jun 2012
The Investment Management Association has outlined three options for the absolute return sector as part of its consultation.
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Advisers to increase passive exposure, Platforum study finds
29 May 2012
Adviser appetite for passive investment products is likely to increase over the next six months, research by Platforum reveals.
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Prudential appoints Paul Manduca as chairman
28 May 2012
Prudential has named Paul Manduca as chairman, replacing Harvey McGrath in July.
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Fidelity names Clougherty as head of UK retail
25 May 2012
Fidelity Worldwide Investment has announced that John Clougherty will join as head of UK retail in June.
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Artemis special sits fund downgraded by Bestinvest
25 May 2012
The £1bn Artemis special situations fund has been downgraded to a sell rating by Bestinvest.
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Japan downgraded by Fitch
22 May 2012
Japan has seen its long-term foreign and local currency issuer default ratings downgraded to A+ with negative outlooks.
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Barclays to sell entire BlackRock stake
21 May 2012
Barclays is to sell its entire holding in BlackRock through a registered offering and a related buyback by the asset manager.
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Henderson to launch funds business in Australia
21 May 2012
Henderson Global Investors is to develop a funds management business in Australia under the management of former First State UK chief Rob Adams.
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Former Close executives set up investment manager
17 May 2012
Ex-Close Asset Management senior executives have set up investment management business TIME Investments.
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Santander appoints CIO as Bearman leaves
16 May 2012
Santander Asset Management has named Butterfield Bank’s David Stewart as its chief investment officer following the departure of John Bearman.
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F&C mulls fund launches in D2C push
15 May 2012
F&C is considering the launch of further investment trusts and expanding its current direct-to-consumer offering, as part of its ongoing consumer review.
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Carmignac expands sales team
14 May 2012
Carmignac Gestion has added to its London-based sales team with the appointment of Nick White as sales manager.
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Standard Life trust makes manager change
14 May 2012
The Standard Life equity income investment trust has promoted Thomas Moore to lead manager on the closed-end fund.
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Aviva Investors appoints interim chief
10 May 2012
Aviva has named Paul Abberley as interim chief executive for Aviva Investors, following the departure of Alain Dromer last month.
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Platform assets grow by 9% in Q1
9 May 2012
Fund research house Fundscape has revealed platform assets under administration grew by 9% during the first quarter of the year to £189 billion.
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iShares launches European country-focused bond funds
9 May 2012
Exchange-traded product provider iShares has launched a range of funds offering exposure to government bonds from a range of European governments.
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M&G dominates retail sales in Q1
9 May 2012
M&G Investments has reported net sales of just under £1.4bn during the first quarter of 2012.
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IMA: Isa sales fall by almost £2bn for 2011-12
3 May 2012
The IMA has revealed net sales of Isas dropped by almost £2bn for the 2011-12 tax year.
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JP Morgan appoints Aberdeen's McKenzie
2 May 2012
JPMAM has appointed Charles McKenzie as head of client portfolio management for EMEA in the global fixed income team.
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European fixed income fund inflows top £30bn in Q1
1 May 2012
Investors pile over £30bn into fixed income in the first quarter of 2012, according to Morningstar’s European asset flow data.
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Premier makes global equities hire
1 May 2012
Premier Fund Managers has recruited Utilico’s James Smith to its global equities team.
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Skandia swaps asset managers on US fund
25 Apr 2012
Skandia Investment Group has swapped Marsico Capital Management with 300 North Capital on US fund.
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Jupiter launches strategic reserve fund
24 Apr 2012
Jupiter Asset Management has launched the Jupiter strategic reserve fund to be managed by multi-asset pairing Miles Geldard and Lee Manzi.
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Buffett firm has rating affirmed
24 Apr 2012
Fitch Ratings has affirmed the AA- issuer default rating of investment veteran Warren Buffett’s firm Berkshire Hathaway.
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Barings plans to close North America fund
23 Apr 2012
Baring Asset Management is to seek regulator and investor approval to close its offshore £71.9m Baring North America fund, managed by oppenheimer funds.
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Threadneedle hands over EM bond funds to Stipp
23 Apr 2012
Threadneedle has named Henry Stipp as manager across five emerging market bond funds following the departure of Richard House to Standard Life.
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Franklin Templeton launches Africa fund for Mobius
23 Apr 2012
Franklin Templeton has launched an African fund for star emerging markets manager Mark Mobius.
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ECB member says debt crisis responsibility with euro governments
20 Apr 2012
ECB board member Peter Praet says responsibility for the resolution of the sovereign debt crisis lies with euro area governments.
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Some funds may be ineligible for Isas post-RDR, says HMRC
18 Apr 2012
HMRC has warned some funds may not be eligible for inclusion in stocks & shares individual savings accounts Isas after the implementation of the RDR.
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BoE: Inflation to rise higher than projections
18 Apr 2012
Inflation is likely to exceed projections made in the Bank of England’s most recent inflation report, according to latest minutes from the MPC.
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Warren Buffett diagnosed with cancer
18 Apr 2012
Veteran billionaire investor Warren Buffett says he will continue with his daily routine depite having been diagnosed with stage one prostate cancer.
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Bolton extends tenure on Fidelity China spec sits by 12 months
16 Apr 2012
Bolton to stay at the helm of Fidelity China spec sits until April 2014.
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Skandia calls for investment suitability guidance to be extended
13 Apr 2012
Investment suitability guidance from the FSA should be extended to include volatility and investment risk, according to Skandia Investment Group.
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Kames switches inflation linked fund to new sector
13 Apr 2012
Kames Capital has moved its £257.4m Kames inflation linked fund to the IMA mixed investment 0-35 per cent shares sector.
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NBNK submits new bid for Lloyds branches
12 Apr 2012
NBNK Investments has submitted a revised proposal to Lloyds Banking Group to acquire hundreds of branches.
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Skandia awards £20m mandate to Aubrey
11 Apr 2012
Skandia Investment Group has awarded Andrew Dalrymple a £20m mandate on its £1 billion Skandia global dynamic equity fund.
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Bond fund sales highest since 2005, Lipper reports
11 Apr 2012
Bond fund sales in Europe hit their highest level since July 2005 in February, with data provider Lipper reporting £16.1bn in sales.
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Moody's puts Man Group on review for potential downgrade
11 Apr 2012
Moody’s has put asset manager Man Group’s ratings on review for a possible downgrade, after highlighting a number of concerns.
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M&G promotes fund manager duo
2 Apr 2012
Phil Cliff has been appointed as manager of the M&G pan European dividend fund, replacing Richard Halle.
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Investec hands UK alpha fund reins to Rodrigs
30 Mar 2012
Investec Asset Management has appointed Philip Rodrigs as lead manager on the Investec UK alpha fund.
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FSA to revamp financial crime rules after uncovering poor controls
29 Mar 2012
The FSA is to propose new financial crime guidance for all firms following a review of systems and controls in investment banks.
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Bestinvest tells investors to sell BlackRock UK absolute alpha
29 Mar 2012
Bestinvest has told investors to sell out of the BlackRock UK Absolute Alpha fund, after it was downgraded to a one star rating.
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EU looks to boost consumer protection on PRIPs
28 Mar 2012
Michel Barnier, commissioner of the European Union, has vowed to improve consumer protection for PRIPs
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MAM Funds to pay dividend for first time in four years
26 Mar 2012
MAM Funds has announced it is to pay out a 0.4p per share dividend.
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Ignis assets grow to £81.5bn
23 Mar 2012
Ignis Asset Management has reported that assets under management, oversight and administration grew to £81.5 billion during 2011.
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SVM "mystified and disappointed" by Hargreaves Lansdown
23 Mar 2012
The removal of the SVM UK opportunities fund from the Hargreaves Lansdown Wealth 150 has provoked a strong defence by the asset manager.
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Henderson's head of global equities exits
22 Mar 2012
Henderson Global Investors has appointed Matthew Beesley as head of global equities following current head Neil Rogan’s decision to leave the industry.
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Budget 12: M&G in running to manage business finance fund
21 Mar 2012
M&G Investment Management is one of seven fund managers that have been shortlisted to manage £700m pot of money to help businesses access non-bank finance.
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Exits from the eurozone wouldn’t make sense, says Mobius
20 Mar 2012
Mark Mobius says an exit from the euro by any of the single currency members “doesn’t make sense”.
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Barclays launches five risk-rated discretionary portfolios
20 Mar 2012
Barclays Wealth is to launch a discretionary portfolio management service to target the intermediary market.
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ECB financing “like giving heroin to a drug addict”, says Legg Mason
19 Mar 2012
David Nadel, manager at Legg Mason, has compared recent moves by central banks to provide cheap dollar financing to giving drugs to an addict.
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Spreadbetting firm placed in special administration by FSA
19 Mar 2012
FSA has placed spreadbetting firm Worldspreads into special administration, the third firm to be targeted under the new powers.
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AIFMD could drive costs higher for small fund managers
15 Mar 2012
The Alternative Investment Fund Managers Directive could see costs for small fund managers increase, according to Deloitte.
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FSA chairman warns on shadow banking
15 Mar 2012
FSA chairman Adair Turner says the shadow banking system played a major role in the financial crisis and needs to be regulated effectively.
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Man Group launches commodities fund
14 Mar 2012
Man Group has launched its first single-manager commodities-only fund, offering exposure to global commodities.
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Premier investment trust in manager change
14 Mar 2012
Premier Fund Managers has reorganised the running of the Premier energy and water investment trust following the impending departure of manager Kevin Scutt.
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Activist demands review of Alliance Trust
14 Mar 2012
Activist investor Laxey Partners has proposed a review of Alliance Trust’s management and the possibility of having an external investment manager.
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FSA warns of poor conduct in private banking and wealth management
13 Mar 2012
The Financial Services Authority has highlighted concerns over “poor firm conduct” in private banking and wealth management.
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Legg Mason adds to onshore range with Brandywine launch
12 Mar 2012
Legg Mason has added to its range of UK onshore funds with the launch of the Legg Mason income optimiser fund, to be managed by subsidiary Brandywine Global.
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Schroders chair and investment chief step down
8 Mar 2012
Chairman Michael Miles and chief investment officer Alan Brown are to step down in May.
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Woodford: Banking sector needs fixing to ensure growth
7 Mar 2012
Q and A with Invesco Perpetual income guru Neil Woodford.
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Jupiter profits jump despite inflows shrinkage
7 Mar 2012
Asset manager Jupiter has announced pre-tax profits of £70.3m for 2011.
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FSA consults on "tax transparent" fund types
7 Mar 2012
The FSA is consulting investment advisers to enable it to authorise two further legal forms of collective investment scheme.
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BNY Mellon launches emerging market corporate debt fund
5 Mar 2012
BNY Mellon has launched the BNY Mellon emerging markets corporate debt fund to be managed by Insight Investment.
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WH Ireland acquires Pritchard client list
29 Feb 2012
WH Ireland has acquired the 8,000 private client list and £400m in non-cash assets under management of embattled firm Pritchard Stockbrokers.
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Horlick launches Rockpool Investments
28 Feb 2012
Nicola Horlick, chief of Bramdean Asset Management, will chair a newly-launched private equity investing business, Rockpool Investments.
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Fidelity launches global high yield fund
28 Feb 2012
Fidelity Worldwide Investment is to launch a global high yield fund for managers Peter Khan and Ian Spreadbury.
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Eurozone break up ‘nightmare for europhiles’, says Terry Smith
27 Feb 2012
Terry Smith says an exit from the eurozone by Greece may be less “catastrophic” than feared.
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Global economy in ‘painful deleveraging process’, says Liontrust
27 Feb 2012
James Inglis-Jones has warned that the global economy is in a “very painful deleveraging process” after debts increased to unprecedented levels.
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Woodford: I am not defensive
27 Feb 2012
Invesco Perpetual’s Neil Woodford says he is uncomfortable with being labelled “defensive”.
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Woodford: Europe still catching up in banking crisis
23 Feb 2012
Invesco Perpetual income guru Neil Woodford says there is still some ways to go before Europe catches up in addressing the banking crisis.
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M&G's Lord warns Bank switch to CPI could create two-tier gilt market
23 Feb 2012
M&G inflation linked corporate bond fund manager Ben Lord says a switch to CPI-linked gilts could create a two-tier gilt market.
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Invesco’s Read and Causer pulled from SJP fund
22 Feb 2012
SJP is to pull the management of the £235m SJP Investment grade corporate bond fund from Invesco Perpetual’s Paul Read and Paul Causer.
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Repeat offender Swip leads Bestinvest "dog" funds list
21 Feb 2012
Bestinvest has revealed that more than £9.2bn was held in underperforming dog funds.
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FSA gains injunction against spread bet returns firm
21 Feb 2012
Interim injunction granted by the High Court regarding the Churchgate Trading Syndicate.
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Rathbones reports 30% increase in pre-tax profits
21 Feb 2012
Rathbone Brothers has reported a 30% increase in pre-tax profits for the year to December 31, 2011.
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Eurozone agrees €130bn Greece bailout
21 Feb 2012
Greece is set to get its next tranche of bailout money after eurozone leaders announced an agreement with the Greek government.
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Insight multi-asset head Pingerra quits
17 Feb 2012
Mike Pingerra, the head of multi-asset at Insight Investments, is to leave the firm.
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Merchant Capital unsure whether clients will suffer economic loss
16 Feb 2012
Structured product provider is awaiting news on the implications for client monies after the FSA suspended Pritchard Stockbrokers authorisation.
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Investment Funds Association merges into Tisa
16 Feb 2012
The Investment Funds Association is to merge into the Tax Incentivised Savings Association to boost its distributor funds efforts.
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Rathbones launches RDR share classes
16 Feb 2012
Rathbone Unit Trust Management is to launch clean fee share classes across its fund range from March.
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FSA fines Derbyshire firm £97,600 over Ucis failings
15 Feb 2012
The FSA has fined Derbyshire firm Topps Rogers £97,600 for failings related to its unregulated collective investment schemes.
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Merchant Capital makes plans after FSA action on Pritchard
13 Feb 2012
Merchant Capital has been forced to make provisions for its structured products division after the FSA took action over Pritchard Stockbrokers.
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Buffett eschews gold for “productive assets”
13 Feb 2012
Billionaire investor Warren Buffett has outlined why he avoids gold in favour of “productive assets” in his latest shareholder letter, published by Forbes magazine.
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Schroders to launch Asia smaller companies fund
13 Feb 2012
Schroders is to launch an Asia and emerging regions “discovery” fund investing in smaller companies.
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Fidelity adds European fund to fast range
9 Feb 2012
Fidelity Worldwide Investment has added to its Fidelity Active Strategy (Fast) range with the addition of the Fast European opportunities fund.
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Hargreaves reports 28% profit rise despite fund sales slowdown
9 Feb 2012
Hargreaves grew its pre-tax profits to £72m in the six months to December 31.
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Barings manager Harte leaves after fund merger
9 Feb 2012
Barings absolute return global bond manager Colin Harte has left the company following the merger of the fund into the multi asset fund.
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European regulator warns on quality of advice and products
8 Feb 2012
Investors face a number of problems that “cannot be solved by transparency”, according to Steven Maijoor, the chairman of Esma.
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Schroders to launch strategic bond fund
7 Feb 2012
Schroders is to launch a strategic bond fund for ex-GLG manager Gareth Isaac and former UBS head Bob Jolly.
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FSA launches UBS investigation
3 Feb 2012
The FSA and the Swiss regulator Finma to commence investigation.
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Ex-Credit Suisse traders charged by SEC in £1.9bn bond scam
2 Feb 2012
Four former Credit Suisse investment bankers and traders have been charged by the SEC.
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Legal & General cuts charges for index range
1 Feb 2012
Legal & General Investments has cut the charges on its index fund range.
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Friends Life gives F&C 12 months' notice to pull £2.3bn
31 Jan 2012
F&C Asset Management says the move will have minimal impact on revenues for this year.
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Fitch downgrades five eurozone countries
30 Jan 2012
Credit ratings agency Fitch has downgraded the sovereign ratings of five eurozone countries, including Italy, Spain and Belgium.
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Barclays to grow wealth management business
26 Jan 2012
Barclays has earmarked its wealth management business for growth during 2012, according to chief executive Bob Diamond.
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IMA launches 0-35% mixed investment sector
25 Jan 2012
The IMA has launched the Mixed Investment 0-35 per cent Shares sector, after it was delayed earlier this year due to lack of demand.
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Dalton overhauls management structure
25 Jan 2012
Dalton Strategic Partnership has announced a number of changes to its ownership and management structure, following the death last year of founder Andrew Dalton.
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UK economy shrinks in final quarter of 2011
25 Jan 2012
The UK economy shrank by 0.2 per cent during the fourth quarter of 2011, with negative growth blamed on “weakness” in the production sector.
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Fidelity launches global dividend fund
25 Jan 2012
Fidelity Worldwide Investment is to add to its equity income range with the launch of the Fidelity Global Dividend fund for manager Daniel Roberts at the end of the month.
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Quilter bought by private equity firm Bridgepoint
24 Jan 2012
Wealth manager Quilter is to be sold to private equity company Bridgepoint, according to owner Morgan Stanley Smith Barney.
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Old Mutual merges European wealth management with Skandia unit
24 Jan 2012
Old Mutual is to combine its continental Europe wealth management business and its Skandia Europe retail businesses.
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EU commissioner sets out regulatory agenda
23 Jan 2012
Michel Barnier says he hopes for a swift agreement on new rules for investor compensation schemes.
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Ex-Threadneedle European specialist Phil Cliff joins M&G
23 Jan 2012
Phil Cliff has joined M&G Investments and will manage the M&G European dividend fund.
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UK dividend pay-outs hit record in 2011
23 Jan 2012
Dividend payments in the UK hit £67.8 billion during 2011 and are expected to rise 11% to £75 billion in 2012.
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Standard Life Investments launches MyFolio income range
18 Jan 2012
Standard Life Investments has added to its MyFolio fund offering with two income ranges.
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UBS fined $300,000 by US regulator
18 Jan 2012
UBS has been fined $300,000 by the SEC for “failing to properly price securities” in three mutual funds that caused a mis-statement of net asset value.
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FSA guidance on legacy business “unclear and incomplete”, says IMA
17 Jan 2012
The IMA has labelled proposed guidance on the treatment of legacy business as “unclear and incomplete”.
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Ex-T Bailey chief Britton returns to industry
16 Jan 2012
Former T. Bailey chief investment officer Jason Britton has started his own investment management consultancy.
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France downgrade disappointing, says Fidelity chief Rossi
16 Jan 2012
Fidelity chief investment officer for equities Dominic Rossi says the downgrade of France by S&P is part of a “general re-pricing of sovereign debt”.
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RBS and Lloyds stake sales to take longer, says UKFI
11 Jan 2012
UKFI has confirmed that the sale of the government’s stakes in Royal Bank of Scotland Group and Lloyds Banking will take longer than expected.
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L&G launches commodity ETF with Source
9 Jan 2012
LGIM has launched a commodity index tracking product with exchange-traded product provider Source.
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Optimism in investment management industry hits record lows
9 Jan 2012
PwC and CBI survey shows optimism in the investment management industry shrank to record lows in 2011.
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Alliance Trust appoints FSA's Forseke as new chairman
5 Jan 2012
Alliance Trust has announced that chairman Lesley Knox is to retire in April and will be replaced by another female chair, Karin Forseke.
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Life settlements in spotlight again as US regulator probes brokerage
4 Jan 2012
The SEC has charged a life settlements brokerage and three senior executives for their involvement in a fraudulent disclosure and accounting scheme.
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IMA managed sector launch delayed due to lack of interest
4 Jan 2012
The launch of one of the Investment Management Association managed sectors has been delayed as there are too few funds to populate it.
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Nichols takes over from Anand on F&C European fund
3 Jan 2012
Mark Nichols has taken over from Paras Anand on the F&C European growth and income fund.
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Italy borrowing costs drop slightly
29 Dec 2011
A fall in short-term borrowing costs for Italy was offset by elevated long-term debt costs, which dipped slightly below the 7% mark.
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Standard Life Investments chairman steps down
29 Dec 2011
Standard Life Investments chairman Colin Buchan is to step down from 2012 and will be replaced by non-executive director John Paynter.
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Hargreaves Lansdown removes First State funds from Wealth 150
29 Dec 2011
Hargreaves Lansdown has removed three First State funds from its Wealth 150 list of favourite funds.
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US growth revised down again
22 Dec 2011
The US Bureau of Economic Analysis has yet again revised down US GDP growth for the third quarter of the year.
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De Blonay fund dropped from Wealth 150
22 Dec 2011
Hargreaves Lansdown has dropped the Jupiter financial opportunities fund from its Wealth 150 buy-list.
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Government solar tariff payment cuts “illegal”
21 Dec 2011
Plans to cut solar feed-in tariff payments are illegal the High Court has ruled, following a legal challenge.
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Duffield hits back over tribunal claims
21 Dec 2011
Ex-New Star boss responds to unfair dismissal claim brought to an employment tribunal by former fund manager Patrick Evershed.
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MEPs call for less reliance on “big three” rating agencies
21 Dec 2011
MEPs have called for measures to reduce reliance on Moody’s, Fitch and Standard & Poor’s - and to limit their impact on sovereign borrowing costs.
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US regulators charge ex-Madoff employee who hid ponzi scheme
20 Dec 2011
The SEC has charged “long-time Bernie Madoff employee” Enrica Cotellessa-Pitz with falsifying books and records.
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RBS to shrink investment bank business
19 Dec 2011
Chancellor says RBS’ future lies as a retail bank.
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Henderson offloads Hermes private equity stake
19 Dec 2011
Henderson has disposed of the private equity fund of funds, which it acquired as part of the acquisition of Gartmore.
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Downgrade UK, says French central banker
16 Dec 2011
Christian Noyer, governor of the Banque de France, has called on rating agencies to downgrade the UK first ahead of France.
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Vinculum registers five funds
15 Dec 2011
Former chief executive of Liontrust Nigel Legge’s new firm Vinculum has five equities funds registered.
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Legg Mason makes £7.7bn global fixed income fund available to UK investors
13 Dec 2011
Brandywine global opportunistic fixed income fund available to UK investors through its Dublin-domiciled fund range.
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Friends Life hires LV= fixed income team
12 Dec 2011
Friends Life has made its first hires for its recently-launched asset management business with the appointment of the former LV= fixed income team.
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Another FSCS adviser bill looms as scheme writes to MF Global clients
9 Dec 2011
FSCS is to send MF Global UK customers application forms for compensation.
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Aberdeen proposes multi-manager fund mergers
8 Dec 2011
Aberdeen Asset Management is proposing to merge three equity multi-manager funds into the Aberdeen Multi-Manager Equity Managed Portfolio.
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Henderson in court battle with infrastructure fund investors
7 Dec 2011
Henderson Global Investors says it will “vigorously defend” itself.
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Government sets out new rules for VCTs and EIS
6 Dec 2011
Government confirms lifting of the £1m limit that venture capital trusts can invest in a single company per year.
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Bank of England hires financial crisis specialist
2 Dec 2011
The Bank of England has appointed Andrew Gracie as director of its special resolution unit.
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IMA to launch global equity income sector
29 Nov 2011
The IMA is to establish a global equity income sector from January 1, 2012.
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Brooks Macdonald hires ex-New Star Thompson
29 Nov 2011
Brooks Macdonald Asset Management has appointed former New Star fund manager Toby Thompson as investment management director.
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Ex-Liontrust chief launches first fund under new venture
28 Nov 2011
Nigel Legge, former chief executive of Liontrust, has launched his first fund with his new asset management company, Vinculum.
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Richard Branson snaps up Northern Rock
17 Nov 2011
Northern Rock has been sold to Virgin Money in a deal worth £747m.
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Euro was a “misguided experiment”, says Bolton
14 Nov 2011
Fidelity fund manager Anthony Bolton says further political integration or a break-up of the euro is “still a few years away”.
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Bolton’s China trust reports "disappointing" results
14 Nov 2011
The investment trust underperformed its MSCI China index benchmark, as net asset value dropped 28.9 per cent.
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L&G launches bid for Cofunds
14 Nov 2011
Provider launches bid to acquire Cofunds, according to reports, as it seeks to bolster distribution.
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Friends Life to launch asset manager
9 Nov 2011
Provider to launch of Friends Life Investments, run by Mark Versey.
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Berlusconi wins budget vote but loses majority
8 Nov 2011
Silvio Berlusconi has won the budget vote but lost his majority in the Italian parliament, posing questions on his future as leader of Italy.
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Fidelity’s Shah trust has “difficult and disappointing year”
7 Nov 2011
The chairman of Fidelity special values has described a “difficult and disappointing year” for the investment trust managed by Sanjeev Shah.
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Ignis changes head of multi-manager range
7 Nov 2011
Management of the Ignis Asset Management multi-manager range has passed to Michael Timmerman.
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JP Morgan fund dropped by OBSR
4 Nov 2011
The £166.9m JP Morgan Europe fund has been removed from the fund rating service of OBSR.
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European Central Bank cuts interest rates
3 Nov 2011
The European Central Bank has cut interest rates by 25 basis points to 1.25%.
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Henderson reports outflows as AUM shrinks
2 Nov 2011
Henderson Global Investors has reported outflows across its range during the third quarter as AUMs shrank by £9 billion.
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FTSE 100 steady after Greek PM secures referendum backing
2 Nov 2011
Greek prime minister George Papandreou has secured backing from his cabinet for a referendum on the next bail-out package.
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Rathbones reports income rise during first nine months
1 Nov 2011
Rathbone Brothers has announced a 15.5 per cent year-on-year rise in net operating income for the first nine months of the year to £108.7m.
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FTSE retreat blamed on "profit taking"
31 Oct 2011
The FTSE 100 has retreated, dropping nearly 100 points, as some commentators blame profit-taking for the drop off in the blue chip index.
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Henderson recruits Mourinho for ad campaign
28 Oct 2011
Henderson Global Investors has recruited José Mourinho, Real Madrid football club manager, to be the face of its new advertising campaign.
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F&C sees AUM shrink in third quarter
25 Oct 2011
Difficult market conditions continue to plague asset managers.
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Vanguard adds to UK range with SRI funds
24 Oct 2011
Vanguard Asset Management is to market two SRI funds in the UK after launching sterling share classes.
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Turner calls for "teeth" to protect investors
21 Oct 2011
FCA will need “powers and teeth” to protect consumers and investors, according to FSA chairman.
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BlackRock to launch best ideas fund
20 Oct 2011
BlackRock confirms UK best ideas launch.
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Ex-Gartmore chief Pursglove joins Goldman Sachs
17 Oct 2011
Richard Pursglove has joined Goldman Sachs Asset Management to head up its UK third party distribution business.
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Jupiter sees assets under management shrink by 10%
14 Oct 2011
Jupiter Fund Management has seen its assets under management shrink by £2.8 billion in the three months to September 30.
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Fitch downgrades Lloyds and RBS
13 Oct 2011
Fitch Ratings has downgraded Lloyds Banking Group and Royal Bank of Scotland to “A”.
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MAM Funds to launch open-ended fund for Williams
13 Oct 2011
MAM Funds is to launch an open-ended version of its diverse income trust for managing director Gervais Williams at the end of the week.
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HMRC clarifies RDR position for Isas
12 Oct 2011
HM Revenue & Customs has clarified its position on commission rebates into ISAs in its latest update.
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FundsNetwork launches discretionary service
11 Oct 2011
Fidelity FundsNetwork has launched a third party discretionary management service for advisers in partnership with Vestra Wealth.
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Carmignac appoints country head for UK launch
10 Oct 2011
Carmignac Gestion has hired Matthew Wright as head of country for the UK, ahead of the opening of its London office next month.
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New fund platform launches
10 Oct 2011
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Fidelity to launch global income fund for Roberts
29 Sep 2011
Fidelity has confirmed plans to launch a global equity income fund for Dan Roberts.
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Loophole closed for solar VCTs
28 Sep 2011
Government stops companies constructing large scale solar projects under higher feed-in tarriffs.
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Castlestone confirms UK closure
26 Sep 2011
Castlestone Management has confirmed that it is to wind down its UK operations, after announcing the closure of its Dublin-domiciled fund range earlier this year.
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Italy downgraded by S&P
20 Sep 2011
Italy has its sovereign debt rating downgraded after concerns about its “weakening economic growth prospects”.
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UBS reveals further rogue trader details
19 Sep 2011
Swiss bank UBS has revealed further details of the unauthorised trading loss announced last week, with the total loss rising to £1.5 billion.
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Scottish Widows chairman retires as Lloyds finance director quits for Friends
19 Sep 2011
Two key departures from Lloyds board, including Scottish Widows chairman Sandy Leitch.
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Former New Star CIO launches advisory business
16 Sep 2011
Alan Miller, the former chief investment officer of New Star, has launched an advisory offshoot of its wealth management business SCM Private.
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IMA opens membership to foreign firms
12 Sep 2011
The Investment Management Association is to open up membership to non-UK companies from 2012.
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RCM's White joins BlackRock as head of investment trusts
12 Sep 2011
RCM’s head of investment trusts Simon White has joined BlackRock in the same position, after more than two decades with the company.
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Eden unveils details of ‘vanilla’ fund
12 Sep 2011
Dan Roberts, a former Gartmore manager, has unveiled details for his global equity income launch at Eden Financial, due later this year.
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Spreadbury and Jupiter Merlin team crowned by OBSR
9 Sep 2011
OBSR has named Fidelity International’s Ian Spreadbury and Jupiter’s Merlin team as the “Outstanding Fund Managers of the year”.
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Woolnough ups high yield exposure to career high
9 Sep 2011
Richard Woolnough has upped exposure in the M&G Corporate, Optimal Income and Strategic Corporate funds to his highest ever levels.
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Mott looks to large caps for income
9 Sep 2011
Veteran investor Bill Mott is seeing higher yielding blue chip stocks rather than in his traditionally smaller cap hunting ground.
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Fidelity Shah’s investment trust to be relegated from FTSE 250
8 Sep 2011
Sanjeev Shah’s Fidelity Special Values investment trust is to be relegated from the FTSE 250 in the latest review of the FTSE indices.
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Ignis fund cut from Hargreaves Lansdown Wealth 150
7 Sep 2011
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HSBC launches Emerging Markets ETF
7 Sep 2011
HSBC has launched an Emerging Markets exchange-traded fund onto the London Stock Exchange.
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Pimco given greater independence in Allianz restructure
6 Sep 2011
Pimco and Allianz Global Investors are to be united under a single division to be named Allianz Asset Management division from next year.
