Fund selectors are increasingly favouring boutique investment houses and rejecting star managers, according to a survey by distribution company Harrington Cooper.
US fund managers have "failed" their clients by focusing on preserving their careers rather than growing clients' capital, according to Baillie Gifford's Ian Tabberer.
Bank of America Merrill Lynch is close to agreeing a $16bn-$17bn settlement over its handling of mortgage-backed securities in the run up to the financial crisis, according to reports.
The SRI sector has drawn much attention since a series of tax breaks on social investments were introduced earlier this year. Annabelle Williams analyses the different types of SRI funds available to investors .
Neuberger Berman is to launch a European High Yield bond fund for recent hire Andrew Wilmont, as it bids to replicate the success of its $13bn (£8bn) US offering.