City veteran Terry Smith has today launched a high-conviction and low-cost equity fund he believes to be ‘unlike any other product' in the retail market.

Terry Smith, the Tullett Prebon CEO and founder of the new Fundsmith asset manager, explains about his new venture and how he plans to shake up the ‘broken' fund industry.

Jupiter's Guy de Blonay is taking over lead management of the group's £1.04bn Financial Opportunities fund on 1 January, allowing Philip Gibbs to focus on running his other mandates.

Neil Woodford's Invesco Perpetual High Income fund has become the first UK unit trust to break through the historic £10bn of assets under management milestone.

Outspoken fund manager Hugh Hendry was once again at his controversial best on BBC's Question Time last night, discussing everything from the economy to secret intelligence.

F&C recorded a £78m net inflow into its onshore fund range in the third quarter.

In the ten years of running Investec's Cautious Managed fund, Alastair Mundy has built a reputation of being one of the UK's top contrarian investors.

Billionaire investor George Soros has donated $1m in support of legalising marijuana in the stricken US state of California.

VIDEO SPECIAL: WARD ON QE

Gilt yields have spiked strongly today after the UK recorded twice the expected growth in the third quarter.