Alex Wright can rise to the challenge of running Fidelity Special Situations alongside Fidelity Special Values, his trust's board has reassured, as the star small cap manager caps his first year on the closed-end fund with a 63% rise in its share price.
The Business, Innovation and Skills Committee has unveiled its report on progress since the Kay Review of long-term decision making in equity markets, which was published last July.
Henderson has appointed Phil Apel head of fixed income, handing the credit expert responsibility for its £18.3bn global fixed income franchise and a team of roughly 60 people based in the UK and US.
It will take roughly five years before the Co-op Bank has returned to profitability, it has emerged, even with a further £1.5bn pumped into its balance sheet and a plan to cut its branches significantly.
Structured products have their naysayers without doubt but are advisers using them for the wrong client who then blame the product providers or are there structurral flaws that still need to be resolved?
City Financial has appointed Phillip Lee to bolster the credit analysis function in the group's fixed income team.
It is a rare thing to hear Evy Hambro described as a “contrarian call” but his trust has taken the strain on the back of pressures in the commodities space.
Alliance Trust has added Vodafone to its portfolio, with equity manager Ilario di Bon buying into changes afoot in the European telecoms sector.
The RDR offering at Coutts has attracted more than £2bn in assets, though the private bank’s parent, state-backed lender Royal Bank of Scotland (RBS), will this morning have struggled to please investors after it posted a £634m quarterly loss.
The board of John Bennett’s Henderson European Focus Trust has struck an agreement to reduce the fund’s fees.
China is days away from massive financial reform with stocks linked to areas receiving government support set to boom in 2014, according to Mirabaud’s emerging markets head Daniel Tubbs.
Investors in Luxembourg and UK domiciled funds pay some of the highest ongoing fund charges in Europe, according to research from Morningstar Denmark.
