Mike Sargeant, the managing director of Pharon Independent Financial Advisers, is to retire at the end of September.
Andrew Lake has joined Aviva Investors to take on the management of the group’s high yield bond fund.
Pictet Funds has launched a Ucits III European long/short equity fund based on an existing Cayman Islands-domiciled hedge fund strategy, the Corto European fund.
Over-reliance on “star managers” could be bad for investors, judging from the disappointing performance of some prominent managers’ funds.
The Chinese authorities are laying the groundwork to remove the renminbi’s currency peg and allow it to appreciate, reports say.
Liontrust Asset Management has seen a further decline in its assets under management continue in the first quarter of the year, down to £1.16 billion, according to a trading update released today.
Annual inflation on the Consumer Prices Index was 3 per cent in February, down from 3.5 per cent in January, according to the latest figures from the Office for National Statistics.
Invesco Perpetual is considering adding two new products to its Asian equities fund range.
Schroders revealed its annual results today, showing the group took a record £15 billion of inflows in the year to December 31, 2009.
Liontrust is preparing to launch an absolute return bond fund for Simon Thorp, the head of fixed income at the firm, next week.
Several emerging market funds appeared in the bestseller list on Hargreaves Lansdown’s Vantage platform in January, alongside the enduringly popular equity income offerings.
Piers Hillier has joined LV= Asset Management as its chief investment officer.