LONDON Softbank's Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a Vision Fund executive told Reuters.
LONDON British investment manager Schroders reported a 0.7 percent increase in third-quarter assets under management, as growth in institutional assets more than offset a fall in those managed for retail clients.
LONDON Lloyds Banking Group has awarded BlackRock a 30 billion pound ($40 billion) slice of one of Europe's biggest investment contracts to be invested using the U.S. company's various index strategies.
LONDON Oceanwood Capital Management has promoted Julian Garcia-Woods to the role of chief portfolio advisor in a reshuffle of the $2 billion (£1.5 billion) hedge fund's leadership, a source with direct knowledge of the matter told Reuters.
LONDON Emerging markets-focused fund manager Ashmore said assets under management rose 3 percent in its first quarter, boosted by inflows of client cash, market gains and acquired assets.
LONDON Ten months after new European Union rules designed to boost market transparency kicked in, the initiative appears to be working, having fuelled a dramatic jump in electronic trading across some of the financial world's most opaque markets.
LONDON Shares in British fund manager Jupiter hit 27-month lows on Thursday after it reported much larger than expected outflows in the third quarter, feeding a slide in asset management stocks that outstripped a wider market sell-off.
LONDON Fund supermarket Hargreaves Lansdown shrugged off market jitters to post a 3 percent rise in assets in its first quarter, bolstered by a jump in new clients and market gains.
LONDON Aviva is replacing its chief executive Mark Wilson after his sweeping transformation of the British insurer did not deliver the returns shareholders were looking for.
A wealth management tie-up between Schroders and Lloyds would give the asset manager access to the distribution network of Britain's biggest bank, which would gain investment skills and greater diversification, analysts said.