Paul Feeney is set to join Old Mutual's Long-term Savings divison (LTS) as chief executive of asset management.

Hedge fund billionaire Raj Rajaratnam has received the longest ever prision sentence for insider trading after he was jailed for 11 years in a landmark ruling in the US today.

An asset manager best known for winning a Sunday Times fantasy fund manager competition before establishing his own investment business has outperformed every one of his peers over the last three months, as markets suffered.

Slovakia has stalled in ratifying measures to revamp the eurozone's European Financial Stability Facility (EFSF) rescue fund, intensifying the threat of contagian within the continent.

Skandia Investment Group (SIG)is calling on the IMA to introduce a new sector for 'risk-targeted funds', with legacy 'managed' portfolios shifted to an alternative category where returns are the driver.

Sterling and gilt yields have dived following the surprise announcement by the Bank of England it is increasing its quantitative easing programme by £75bn.

The UK economy grew at just 0.1% in the second quarter,lower than previously expected, the Office for National Statistics has announced.

The FTSE 100 has fallen a further 2.7% in early trading after the S&P 500 closed under 1,100 for the first time since September 2010.

The S&P 500 closed under 1,100 for the first time since September 2010 as eurozone ministers failed to reach a decision on the second phase of a bailout for Greece.

The battle between investment trusts and OEICs is long standing, but when it comes to cost, one side comes out on top, writes Kyle Caldwell.