Woodford Patient Capital plunges as Prothena trial fails
Prothena, one of the big biotech bets of fund manager Neil Woodford, has failed a key drugs test, wiping two thirds from its market value and souring third anniversary of his Woodford Patient Capital Trust.
Citywire South West Retreat: pictures from Day 2
A selection of pictures from the second day of our annual South West event held at Marriott St Pierre, Chepstow last week.
Mark Stevenson: oil is the dumbest place to put your money
Futurist Mark Stevenson says that investing in oil is not just a risk to the environment but also your investment.
Investors pull £323m from R&M funds after Rodrigs exit
Redemptions of £165 million and £158 million have been taken from the UK Smaller Companies fund and the UK Dynamic fund respectively.
Bond manager Jon Mawby exits Man GLG
Co-manager Andy Li will assume sole responsibility for the firm's Global Corporate Bond and Strategic Bond funds.
Bumper dividend growth hides underlying FX weakness
A sharp bounce in sterling’s exchange value versus the dollar was a stiff headwind for UK dividends in the first quarter
Argonaut’s profit falls by 76% as AUM dips
Argonaut Capital’s profit took a 76% hit as the company’s assets fell by over £500 million.
Ashburton enlists Fidelity to run multi-asset funds
Ashburton Investments has enlisted Fidelity International to help run its multi asset funds.
Schroders appoints two bond managers
Schroders has appointed Robbie Boukhoufane and Alan Wilson as portfolio managers within the global multi-sector fixed income team.
Capita jumps as Woodford and Barnett back cash call
Shares in embattled outsourcing group rally as investors welcome turnaround plan, with fund groups Woodford and Invesco backing rights issue.
Shrimp wars: the Indian commodity that could get caught in the net
As the world’s two largest economies exchange tit for tat, putting tariffs on key goods, the impact of president Donald Trump’s policies are being felt at the periphery by a commodity not that widely discussed.
Predicting the future: a problem in asset management
It's crucial that firms have a grasp on where things are heading so they can remain competitive, says Neill Vanlint of GoldenSource Corporation.
Surprise at Mifid II ‘bill shock’ warning
If you were confused about the statement from Electronic Research Interchange (Eric) warning fund firms could be facing unexpected research costs, you are not alone.