Markets
News by: Dylan Lobo
Former IFA admits to 40 offences in £1m fraud
Former adviser Malcolm Green has pleaded guilty to more than 40 offences in a £1 million fraud case, including 19 counts of abuse of position and 20 money transfer offences.
Sants says sorry and blames Tiner for RBS collapse
FSA chief executive Hector Sants has attempted to shift the blame for the regulator's actions in the run-up to the failure of Royal Bank of Scotland on his predecessor John Tiner.
M&G Investments names Alex Jeffrey as property chief
M&G has ended its hunt for a new property chief with the appointment of MGPA's Alex Jeffrey as head of its real estate arm Prupim.
F&C suffers £4bn outflow on strategic partner withdrawals
F&C Asset Management suffered a net outflow of £4 billion in the final three months of the year after a number of strategic partners pulled assets from the firm.
Charles Stanley targets disillusioned clients with platform launch
The private client stockbroker has teamed up with product aggregator All My Plan for a platform launch targeting clients who have become disillusioned with their adviser.
BlueCrest to list $13.6bn BlueTrend strategy in London
(Update) The hedge fund giant has launched an IPO for fund which will act as a feeder to its systematic-trend following strategy BlueTrend, which covers 150 markets and has delivered an annualised return of 16.7% since February 2005.
Brewin Dolphin names ex M&G fund manager as Taunton head
Chris Rew, who has managed pension and charity money for M&G and F&C during his career, will replace Terry Leach has head of its Taunton branch.
Greek fury at German €130bn bailout watchman plan
Greece has reacted furiously to a German proposal that budget commissioner is installed to ensure the Hellenic Republic spends bailout money wisely.
Hester relinquishes £1 million RBS bonus
RBS chief executive Stephen Hester has bowed to political pressure and turned down his £963,000 bonus.
Quilter pledges no job cuts as it embarks on new era
The wealth manager has no intention of cutting jobs as it outlines an ambitious growth plan after teaming up with private equity firm Bridgepoint.
M&G's Vaight: why emerging markets may beat expectations
M&G Global Emerging Markets fund manager explains why he is so excited by Brazil this year and why emerging markets could do better than many people think this year.
FSA fines US hedge fund giant £7.2m for insider trading
The regulator has fined David Einhorn, owner of the prominent US hedge fund Greenlight Capital and his fund £7.2 million for using inside information to dodge a £5.8 million loss on Punch Taverns.
Wall Street’s finest choke of forecast-busting Apple
Analysts across Wall Street will be hanging their heads in shame after they were miles off forecasting last night’s stupendous update from Apple.
Fidelity unveils nuts and bolts of Roberts' global income fund
Fidelity Worldwide Investments has revealed the methodolgy and portfolio composition of its new global income fund for Dan Roberts.
Morgan Stanley sells Quilter to Bridgepoint
(Update) Morgan Stanley Smith Barney has agreed to sell Quilter private equity group Bridgepoint, in partnership with the Quilter management team led by Martin Baines, Stephen Vakil and Terry Wade.
The danger of chasing the market
The bears have gone into hiding with the performance of cyclicals over defensives close to a record high, but while Morgan Stanley is a little more bullish, it still errs on the side of caution.
Former AA-rated Cliff joins M&G European equity team
(Update) former Citywire AA-rated Phil Cliff has joined M&G Investments' European equity team.
Hermes BPK launches fund of managed futures funds
Fund of hedge funds firm Hermes BPK Partners has unveiled a managed futures strategy.
RSM Tenon dives 28% on profit alert as top brass exit
Shares in accountancy firm RSM Tenon are under intense pressure after its chief executive and chairman departed on a profits warning.
Moody’s puts Tesco on downgrade watch
Moody’s has put Tesco’s senior long-term A3 long-term senior unsecured rating under review following a shock profits warning from the retail giant.
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