BlackRock

The Financial Conduct Authority (FCA) has banned former BlackRock managing director Jonathan Burrows for dodging rail fares worth £43,000.

Blackrock has notified the stock exchange that it now owns more than 5% of commodities trading giant Glencore.

Old Mutual Global Investors (OMGI) has appointed a new Asian equities team headed by Joshua Crabb, previously at BlackRock.

BlackRock has scrapped the 1% initial charge for intermediaries investing in Alister Hibbert's European Dynamic fund after assets under management fell to a more manageable level.

A Blackrock executive has left the group after being found to have avoided £43,000 in train fares over the past five years.

BlackRock is working to "repurpose" its range of target date funds and introduce an income drawdown product in response to the liberalisation of defined contribution (DC) regulation.

Funds from BlackRock and J.P. Morgan have been added to Sanlam Private Investment's bi-annual list of underperforming income portfolios after a tough year for some of their mandates.

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Platform True Potential Investments has hired former BlackRock compliance officer Sheriden Davy and ex Scottish Widows Investment Partnership equity investment manager Colin Beveridge to support its future growth plans.

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