Out campaigners living in 'cloud cuckoo land'

Takes 10% stake

Targeting group pension schemes

Failed to build market share

Future of his fund in doubt

Will allow more access to European ABS

ECB and BOJ set for further stimulus

Last week's news that BRIC pioneer Goldman Sachs had been forced to merge its fund into a wider emerging markets offering seemed to sound the death knell for what were once hugely popular vehicles less than a decade ago.

New fund expected by end of 2015

The FTSE 100 opened down 0.5% this morning, in the first trading session since the terrorist attacks in Paris on Friday night.