James Baxter-Derrington

Chrysalis Investments has issued a draft claim for upwards of £45m against Revolution Beauty, continuing the action it began at the end of 2023.

The Investment Association has altered the definitions of its UK and European smaller companies sectors, broadening the scope of qualifying funds.

RGL Management has confirmed it will pursue its legal case against Hargreaves Lansdown over the platform’s continued recommendation of the former Woodford Equity Income fund up to the date of its 2019 suspension.

Positive market movements have helped push abrdn’s assets under management and administration over the £500bn mark, as net flows turned positive for the first time since last summer.

US Solar Fund (USF) has confirmed its intention to undertake a fixed price tender offer, returning up to $19m of shareholder capital.

All resolutions put to shareholders at AssetCo’s annual general meeting passed, but pressure from proxy adviser Glass Lewis was felt across a handful of votes.

Fuel Ventures has added a further £2m funding to wealth and asset management data and business intelligence company Fundpath.

JPMorgan Emerging Europe, Middle East and Africa Securities (JEMA), formerly JP Morgan Russian Securities, has had a range of assets frozen due to a case being brought by Russian bank VTB over alleged debts.

It’s been a big week for the providers of legal services to asset managers.

Financiers have bucked the wider trend across Britain’s richest to increase their fortunes over the past year, although have been nudged out of the top ten, according to the Sunday Times Rich List.