LONDON Investors in British money manager Neil Woodford's flagship fund could lose more than 1 billion pounds, four times more than had it reopened in December, according to estimates made by his firm before the shock closure of the fund.
LONDON Caisse de dépôt et placement du Québec (CDPQ), one of Canada's biggest state pension investors, plans to potentially double its allocation to infrastructure to as much as 15% over the next four years.
LONDON Invesco fund manager Mark Barnett on Friday challenged a downgrade this week by fund rating firm Morningstar of his Invesco High Income UK and Income UK funds.
LONDON Macquarie Group's sudden exit from European and U.S. equity trading may just be the start of a large-scale retreat from the once-thriving business, as all but the biggest global banks struggle to make it pay.
LONDON A cyber attack on Asian ports could cost as much as $110 billion, or half the total global loss from natural catastrophes in 2018, a Lloyd's of London-backed report said on Wednesday.
LONDON SoftBank Group Corp's technology-focused Vision Fund has invested an extra $655 million in Greensill Capital to bolster the financing group's global expansion.
LONDON Woodford Patient Capital Trust (WPCT) named asset manager Schroders to manage its portfolio on Thursday after last week's abrupt exit of its founder Neil Woodford.
LONDON British wealth manager St. James's Place said funds under management hit a record high in the third quarter, as its affluent clients put more cash into their pensions.
* Consolidation underway in the sector
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LONDON Shares in UK and Europe-focused asset manager and insurer M&G fell slightly on its first day of trading after being demerged from Asia-focused Prudential , which soared to the top of Britain's top share index.