MandG hit by 700m UK outflows
The UK arm of M&G delivered feeble results while the European division saw net retail fund flows surge.
News
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Feeney on taking things back to basics
Old Mutual Wealth’s chief lays down gauntlet to the competition.
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Witan posts 30pc NAV return
Witan Investment Trust has delivered a net asset value total return of 29.4%, beating the benchmark and the FTSE All-Share and delivering its 39th consecutive year of a rising dividend.
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PA OPINION Size seems to matter
The RDR is leading to the natural selection of giants vs boutiques, but the UK is not alone.
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Axa IM QE could move into next decade
Last year was a good year for Axa IM, which grew its AUM by 3% during 2013
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US fund house buys into Manchester United
US investment house Baron Capital has caused a stir among football fans having bought a stake in Manchester United, including investment though its $8.5bn small cap-focused Growth Fund.
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FandCs Scott retires after 30 years
F&C global strategist Ted Scott has retired after 30 years at the asset management firm.
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GAM seeks to soft close Star China Fund
Once it hits $2.6bn, the outperforming Star China Fund will close to new investors.
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Close Brothers AUM up 2pc reports profit growth
Following a phase of restructuring, Close Brothers post a 2% increase in AUM for the first half year ending 31 January.
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Stouts bad calls cost Murray Intl 5m
Murray International pots worst performance in “a very long time” as Stout's calls cost Aberdeen £5.3m
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castlestone returns with equity and high
Castlestone Management, an early casualty of the 2008 financial crisis, has returned to the market with a new, equity and high yield income fund.
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Former LG chief joins HSBC Asset Management
After announcing his departure in January last year, Ellis has started in a newly-created role at HSBC Asset Management.