The unresolved Greek debt crisis has put renewed pressure on the FTSE 100 this morning, negating the effects of the rally in supermarkets stocks on back of Tesco's Q1 results.

Neuberger Berman has launched a global credit long/short fund for a four-strong team of credit managers that joined the group through an acquisition last year.

Legal & General's decision to invite offers for Cofunds just two years after it bought the platform is fraught with a number of potential pitfalls, according to industry commentators.

LGIM multi-asset fund manager Justin Onuekwusi has upped his cash weightings to their highest ever levels, on fears that tighter US monetary policy will prompt greater market volatility.

Interest rates in the UK could rise as early as August in response to a tightening labour market, according to Monetary Policy Committee member Martin Weale.

Fund groups are scaling back marketing activities relating to their UK property funds as they fight the tide of continual inflows into the sector.

F&C has hired former iShares managing director Marc Knowles to head up its passives push as the group prepares to launch a trio of exchange-traded funds (ETFs).

The Caledonia investment trust has agreed to acquire a 94% stake in Seven Investment Management in a deal valuing the firm at £100m.

Old Mutual Global Investors' UK equity head Richard Buxton believes it may be "too late to save HSBC" as the company considers redomiciling its headquarters.

Brooks Macdonald has appointed Brewin Dolphin divisional director Ghislaine Perry as head of group marketing.