Jupiter CIO John Chatfeild-Roberts is keeping the strong recent inflows into his Merlin range in cash to allow him to invest into periods of weakness caused by heightened market volatility.

Jupiter's Philip Gibbs has opened up a net short position on "overvalued" UK commercial property stocks as the manager develops a number of early themes into his new Absolute Return fund.

The Government could take until 2015 to offload the bulk of its stakes in the UK's partly nationalised banks, longer than many fund managers were expecting.

Henderson Horizon Pan European Alpha manager Paul Casson has initiated short positions in a basket of Spanish stocks on expectations of a Greek-style sell off.

Hargreaves Lansdown has posted a 16% jump in adjusted pre-tax profits for the six months to end 2009, to £43.1m.

Fidelity is planning an initial £630m capital raising for Anthony Bolton's China Special Situations PLC.

Legal & General Investment Management plans to merge its £34m Japanese trust into its tracker equivalent, with manager Andrew Nagele and team set to leave the group.

Royal London Asset Management has launched a global index-linked bond fund aimed at hedging against potential inflation, but at higher yields than currently available in the UK.

GLG Partners has launched a currency-hedged replica of its £698m Japan CoreAlpha fund.

Philip Gibbs, manager of Jupiter's Absolute Return, Financial Opportunities and Global Financials funds, comments on Obama's proposals for banking reform.