Investment

HENDERSON Global Investors saw operating profits increase 32pc to £61.4m following an increased fee income, interim results reveal.

Prudential has increased its stake in its joint fund venture with CITIC Group in China to almost 50pc.

ONLY a fifth of private equity firms intend to invest in distressed businesses over the coming year despite strong predicted growth in the sector, Grant Thornton claims.

Investors in Credit Suisse's multi-manager funds have approved plans to change the fund range including the formation of a new multi-asset distribution fund.

SCHEME trustees must avoid "ticking boxes" when looking at diversification into alternatives, Morgan Stanley Investment Management warns.

SPC criticises draft

INCLUDING: UK - New manager at Morley; US - Commodity index to underlie ETF; IRELAND - New head of compliance at Pensions Board

Draft pension transfer value regulations would create a "charter to rip off ex-members", Standard Life claims.

BNY Mellon Asset Manage-ment has added two new funds to its Evolution range.

A 14pc jump in Harrods sales is evidence that the luxury goods sector is a sound investment opportunity, Taylor Young Investment Management believes.