Story by: Sharon Flaherty, FTAdviser
The current economic slowdown will be longer and more painful than previous downturns with the recovery to be led by the US and Asia, the Chartered Insurance Institute (CII) warned.
Aberdeen Asset Management was unable to give any commitment to the future of staff following the acquisition of part of Credit Suisse's Global Investors business.
Ignis Asset Management is to outsource its Japan equities desk citing the need to establish consistent returns in the sector, the asset manager said.
New Star has no timetable in mind for reopening its Heart of Africa fund, after new FSA rules allowed it to remain suspended indefinitely.
Investors prepared to ignore the negative connotations of investing in China could reap the benefits in 2009, according to Mike Kerley, fund manager at Henderson Far East Income investment trust.
Company shares held by private investors slumped to £118bn in 2008, putting the year on par with other recessionary years, according to Capita Registrars.
Portfolios which do not deliver yield criterion will be rehoused in UK Equity and Income Growth sector
Credit Suisse confirmed it has agreed to sell part of its fund management business to Aberdeen Asset Management in exchange for a 24.9 per cent stake of the company.
The London-based asset management subsidiary of Société Générale Asset Management is to be sold to European alternative investment managers, GLG Partners.
Stephen Brooks, the chief financial officer at Schroders, has stepped down from the role, leaving Kevin Parry to take up the position.
There is reason to be cautiously optimistic when looking at 2009. Stephen Wilmot speaks to fund managers about their expectations
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