Polar Capital plans to launch a healthcare-focused investment trust targeting the historically low valuations on offer in the sector.

Fidelity UK managing director Gary Shaughnessy has urged the industry to focus on the implementation phase of the RDR to ensure costs are kept down and advisers emerge better equipped to deal with the UK's savings gap.

Chris Bowie has moved a third of the £290m Ignis Corporate Bond into defensive fixed income instruments on renewed concerns for the domestic and global economy.

Gartmore is under investigation by the US Securities and Exchange Commission but has insisted the probe does not concern its European stars Roger Guy and Guillaume Rambourg, The Telegraph reports.

Gartmore's suspended fund manager Guillaume Rambourg used the Bloomberg instant messaging system to "direct" trades for nearly a year, the Sunday Times reports.

Schroders, the largest shareholder in Gulfsands Petroleum, has called on the UK explorer to open talks with two Indian suitors.

Former chairman of the Federal Reserve Alan Greenspan believes there is "momentum building up" in the US economy and the chance of a double dip has fallen significantly.

Pimco managing director Bill Gross, who in January said gilts were "resting on a bed of nitroglycerin", now believes the UK is "decently positioned" to escape its debt crisis.

Roger Guy has hit out at the company's "excessive" internal compliance rules which he blames for the suspension of his management partner Guillaume Rambourg this week.

Gartmore CEO Jeff Meyer says the group has seen "no material redemptions" since its decision to suspend star manager Guillaume Rambourg yesterday.