Crispin Odey's flagship portfolio sustained heavy losses in April after the manager appeared to be caught out by a move in the Australian dollar.

The PIMCO Total Return fund has fallen in the rankings of world's largest bond fund, replaced by Vanguard's Total Bond Market Index fund.

Fidelity is to reopen Alex Wright's top-performing UK Smaller Companies fund after restricting inflows two years ago.

Aberdeen Asset Management and Legal & General Investment Management have added their support to Elliott Advisors in the war with Alliance Trust.

Transact has partnered with Octopus Investments to become the first platform to offer venture capital trusts (VCTs) following the introduction of new legislation.

Seven Investment Management (7IM) has launched a range of passive equity value funds that aim to outpeform the index by 1%-2% at a lower cost than active funds.

David Cameron plans to offer up to £4bn worth of Lloyds shares to retail investors if the Conservatives win the general election.

'Wealth managers are at the mercy of fund managers on costs'

Transact has reported record pre-tax profits for 2014 as it gains 10,000 new clients.

Sterling slumped against the US dollar after the Bank of England's chief economist Andy Haldane said the UK has an equal chance of seeing a rate cut as a rate hike, contrary to consensus expectations.