AssetCo has doubled its stake in River & Mercantile (R&M), as it looks to pivot its business strategy to develop an asset and wealth management business.

Morningstar Investment Management (MIM) has launched a range of three multi-asset funds that will blend active and passive strategies to offer advisers low-cost solutions.

Close Brothers Asset Management (CBAM) has launched a sustainable multi-asset fund and rebadged its Bond Income portfolio as a sustainable bond fund.

Investment professionals are concerned that the sector is not doing enough to promote ethnic diversity, a new survey has revealed.

The Brunel Pension Partnership has handed a £325m specialist climate and environment equity mandate to Nordea Asset Management.

Lowest Q3 payout since 2010

Lower gilt yields to blame

The US Federal Reserve sent out "strong, powerful guidance" on Wednesday (16 September), as it predicted interest rates would stay near zero until at least the end of 2023.

Neil Woodford has taken on an advisory role with specialist asset manager Juno Capital as he looks to return to the investment industry, according to reports.

Link Fund Solutions (LFS) has agreed to sell "a significant portion" of the stricken LF Equity Income fund's holdings to US firm Acacia Research Corporation for up to £223.9m.