05/27/2014

Hargreaves secures extra discount on Woodford fund

Hargreaves clients will invest in the Z share class with a 0.65% annual management charge but Woodford Investment Management will pay Hargreaves clients an annual loyalty bonus of 0.05%. The bonus will bring the overall annual fund cost down to 0.60%.

05/27/2014

Sorrell hedge fund manager to close

One of the three sons of WPP chief executive Sir Martin Sorrell is closing his global macro hedge fund manager, of which Sir Martin was a non-executive director as well as an investor in the fund that the firm managed.