The Targeted Absolute Return sector was the best-selling IMA sector in May, with £255 million in net retail sales, well above its average figure for the year.

The Bank for International Settlements (BIS) has warned spiking bond yields across the world threaten trillions of dollars in losses for investors and a fresh crisis for banks unless they are braced for the shock.

Former HBOS chief executive James Crosby has been stripped of his knighthood, the UK Cabinet Office has said.

Anti-capitalist protesters campaigning against the G8 summit in London forced some fund groups to instigate protocols which saw fund managers work from home today.

J.P. Morgan Chase head Jamie Dimon survived a protest vote at the firm's annual shareholder meeting yesterday, which may have stripped him of his role as chairman.