Legal & General Investment Management is shutting down its Japan equities hedge fund.

Aviva Investors is to launch a third structured product based on the performance of the FTSE 100 next month, after its two predecessor funds gathered over £150m.

Funds of hedge funds have outperformed the average hedge fund in fewer than one in every five months since 2000, according to data providers Eurekahedege.

Polar Capital's Technology trust rose 13.6% in NAV terms over the six months to 31 October, as its manager tilted the portfolio towards companies benefiting from web-based delivery of IT.

Aviva Investors has reopened its €249.5 European Property Sicav, more than 13 months after it suspended dealing in the fund.

Jupiter has the most funds on Cofunds' eagerly awaited OBSR Researched Funds Panel with 10 vehicles making the grade.

Philip Gibbs' new Jupiter Absolute Return vehicle has become the most successful launch of 2009, taking in more than £244m in its fund raising period.

Jupiter's Philip Gibbs has today launched two new products to the retail market - the Absolute Return and International Financials funds.

Former New Star fund managers Stephen Whittaker and Phil Roantree have joined forces to launch a new boutique group, with a view to initially rolling out a hybrid equity and bond product.

Gilt prices fell sharply yesterday as investors began to digest the Government's pre-Budget report and fears that Britain's credit rating will be downgraded intensified.