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Aberdeen switches from Europe to America
Aberdeen multi-manager duo Graham Duce and Aidan Kearney have dropped their exposure to Europe across the fund range, citing concerns over the markets and currency.
Former Lloyds TSB boss Sir Brian Pitman dies aged 78
Sir Brian Pitman, former Lloyds TSB boss and chairman of Virgin Money, has died aged 78.
Henderson confirms rebrand of New Star funds
Henderson has finally confirmed that it is to drop the New Star name from its branding.
Bestinvest appoints new chairman and chief executive
John Spiers is to step down from the helm of Bestinvest for the second time after the group appointed a new chairman and chief executive.
FSA to get tough on risky products
Hector Sants, chief executive of the Financial Services Authority (FSA) is to announce plans for the regulator to “get tough” on the sale of risky financial products to better protect the consumer.
Woodford funds back on top form
Invesco Perpetual fund guru Neil Woodford has seen both his leading income funds bounce back to the top of the sector over the past three months.
Regulators and ombudsman propose new protection committee
The Financial Services Authority (FSA), the Office of Fair Trading (OFT) and the Financial Ombudsman Service have proposed the creation of a new consumer protection committee.
Foreign & Colonial IT hands Japan portfolio back to F&C
The £2.23 billion Foreign & Colonial Investment Trust (FCIT) has brought the management of its Japan portfolio back in-house to F&C Investments.
Aegon reduces AMC on Global Opportunities fund
Aegon Asset Management has reduced the annual management charge (AMC) on its newly launched Global Opportunities fund from 1% to 0.3%.
Niesr estimates 0.3% British GDP growth
Britain’s economy grew by 0.3% in the three months to February, according to monthly estimates by the National Institute of Economic and Social Research (Niesr).
Baillie Gifford cuts AMC on Greater China fund
Baillie Gifford is to reduce the annual management charge (AMC) on its Greater China fund from 1.75% to 1.5%, with effect from May 1.
Hargreaves axes Martin Currie fund from Wealth 150
Hargreaves Lansdown has removed the Martin Currie Global Alpha fund from its Wealth 150 list of recommended funds.
European Ucits fund flows move to positive territory
European Ucits funds saw net inflows of €32 billion (£29 billion) in January, according to the European Fund and Asset Management Association (Efama). This level of net inflows is unsurpassed in any single month of 2009.
Former Cazenove partner guilty of insider dealing
Malcolm Calvert, a former equities marketmaker at stock broker Cazenove has been found guilty on five counts of insider dealing at Southwark Crown Court yesterday.
MPs question UKFI-Treasury link
The Treasury select committee has urged the Treasury to reconsider the structure of its relationship with UK Financial Investments (UKFI) to ensure that other shareholders of state-supported banks are protected.
Old Mutual profits down to £247m
Old Mutual made a profit before tax of £247m over 2009, down from a £595m profit the year before.
Keydata was under fund firm regulator
Keydata was regulated by the Investment Management Regulatory Organisation before the Financial Services Authority (FSA) was set up, adding further weight to calls for fund managers to share the burden of the £43m Keydata levy.
Analysis: Germany and China compete on exports
The race for the title Exportweltmeister [world export champion] is likely to continue this year.
Lowes Wealth Management launches distribution company
Investment manager Lowes Wealth Management (LWM) has established a new distribution company in conjunction with financial services entrepreneur John Walls to market its funds in Britain.
Manager focus: Mark Hall
Having cut nearly 15% of his exposure, Mark Hall, the manager of the Rensburg UK Select Growth Trust, has started adding large-caps to the portfolio again.
