Invesco Perpetual's Mark Barnett has taken over Neil Woodford's £8.4bn Income and £13.1bn High Income funds with immediate effect, ahead of his original end-April start date.
Telling clients their investment idea is a 'no go' is a tough job, but someone's gotta do it
Bonds are braced for another tough 12 months - but are there opportunities lurking beneath the surface?
The "improper" allocation of trades in fixed income securities by two former employees cost Aviva Investors some £132m, it has announced.
Would investors' world be a better place without fund 'league tables'?
M&G's highly-rated bond fund manager Richard Woolnough has said he would raise rates this year if it were up to him - but said such a move could present a buying opportunity.
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City Financial's multi-asset fund manager Tony Yousefian has left the firm after less than a year, IFAonline sister title Investment Week understands.
The skill of active fund managers "adds real value" to investors, but the market may need to improve at identifying that skill quicker, according to Investment Management Association (IMA) chief executive Daniel Godfrey.
Confidence among UK investors continues to rise with the vast majority looking to maintain or increase the amount they invest and save during 2014, according to research by Schroders.