News

Skandia Investment Group has appointed Cincinnati-based boutique Fifth Third Asset Management to run its $80m US Large Cap Growth fund, replacing Wellington Management.

Graham Birch, head of BlackRock's Natural Resources team, has decided not to return to the company following his nine-month sabbatical.

Landlords saw a 7.6% annual return on their investments by the end of December 2009, according to the latest index from LSL Property Services.

Millions of Britons face higher council tax bills to cover the £60bn hole in local government pensions.

Close Asset Management has outlined plans to expand by acquiring IFA client books and partnering adviser firms.

The European Central Bank (ECB) has kept eurozone interest rates on hold at 1% for the eighth consecutive month.

Funds of investment trusts dominated the multi-manager performance tables last year, benefiting from the deep discounts which opened up for underlying companies during the market downturn.

The Iveagh Wealth Fund, run by Iveagh Private Investment House, the Guinness family office, has been awarded a Standard & Poor's AA fund rating, just 14 months after the fund launched.

Equity manager RCM, a subsidiary of Allianz Global Investors, is set to launch a diversified growth fund in the first quarter that invests only in ETFs.

The Financial Services Skills Council (FSSC)is launching a series of consultation events on specialist investment advice exam standards.