Psigma Investment Management has cut the AMC on its discretionary fund range from 1% to 0.5% in a move to broaden its reach into the intermediary market.

Legal & General Investments (L&G I) has cut the annual management charges across its index fund range by five basis points, in a move to bolster the appeal of its passive proposition.

Ashcourt Rowan has hired Brewin Dolphin investment manager Harry Burnham, who will join the firm's board after being released by Brewin.

Portugal's constitutional court has ruled against the country's planned austerity programme, putting its £78bn bailout package in jeopardy and creating a fresh crisis for the eurozone.

J.P. Morgan (JPM) Asset Management is adding to its 21 strong range of investment companies with the launch of a Global Convertibles Income trust.

Global equity markets across the board have posted a strong start to the year, but there have been some clear winners in a quarter which saw many markets rise to multi-year or record highs.

Gold and resources funds continued to struggle in the first quarter of 2013, as investors remained in risk-on mode and opted for equities over safe havens such as the precious metal.

J.P. Morgan Asset Management has named Simon Crinage as the new head of its investment trust business, following the departure of David Barron earlier this year.

Hargreaves Lansdown has thrown its weight behind an Investment Management Association (IMA) initiative urging groups to display total fund costs in a simpler, clearer manner.

Colin Graham, BlackRock's co-head of global multi-asset strategies, is stepping down from his position at the firm after sixteen years.