Barclays has appointed Rory Tobin, former head of iShares International, to work on reviewing the group's asset management arm.

Uncertainty over the outcome of the US presidential election, the fiscal cliff and Hurricane Sandy saw inflows into global ETFs slow sharply in October, according to consultancy ETFGI.

Matrix Group has been placed into administration, and parts of the business are already in the process of being liquidated.

London's financial sector will slash 13,000 jobs next year, and bring job levels to a 20-year low in 2014, according to a forecast study.

Fund of funds accounted for a record level of funds under management at the end of Q3 this year, according to the IMA, up 18% compared to the same quarter last year.

Raymond James has become the first platform to distribute Hermes' UCITs fund range.

The manager of the world's largest bond fund has said a Red or Blue victory will not make any difference to the US economy as the effects of monetary policy have already reached their limits.

UK think-tank NIESR has revised down its growth forecast for the UK next year, despite a strong third quarter which has seen the economy emerge from recession.

Standard life Investments has expanded its GEM range with the launch of an offshore Global Emerging Markets Unconstrained fund for Ross Teverson.

Mining stocks and oil giant BP provided a lift for London's FTSE 100 today as a huge storm hit the eastern United States, keeping Wall Street closed for a second day.