M&G's Simon Bailey is relinquishing control of the £169m Smaller Companies fund next month after almost a decade running the vehicle.

The yield available on European sub-investment grade debt has fallen to a two-year low as the default rate on the Continent continues to run at almost zero.

High-profile hedge fund manager Crispin Odey is bringing his wealth management capability to the UK market.

Chancellor George Osborne is set to give the Bank of England the green light for more monetary stimulus to prevent the economy slipping back into recession.

Chinese sovereign bonds are becoming almost as safe as US treasuries in the CDS market.

Insurance giants Prudential and Standard Life are considering partial sales of their asset management arms.

BUXTON'S 25 YEARS IN CITY

GLG Partners is launching a Ucits III version of its absolute return multi-asset global macro strategy.

Jupiter's Guy de Blonay and Philip Gibbs have fully invested their £1.04bn Financial Opportunities fund, the most bullish positioning for the entire year.

As a confident and bold young investor in the Square Mile, Richard Buxton once wagered all of his life savings on the UK cutting interest rates.