Aberdeen Asset Management has launched an onshore Latin America fund, run by Devan Kaloo and the group's emerging market team.

Omega Insurance, a Lloyds of London insurer in which Invesco Perpetual's Neil Woodford is the largest shareholder, has received a takeover approach from rival Canopus.

Fund manager heavyweights Hugh Hendry and Anthony Bolton have clashed on the outlook for China.

Invesco Perpetual is launching an Asian equity income portfolio for head of Asian equities Stuart Parks and manager Tim Dickson later this quarter.

Old Mutual has broadened the parameters of Stephen Snowden's £780m Corporate Bond fund, allowing the manager to move duration to zero to mitigate interest rate risk.

The theme of this year will be consolidation, following on from a 2010 characterised by "unnatural" government intervention in markets, according to Guy Monson, CIO and managing partner of Sarasin.

Neptune's head of US equities Felix Wintle has doubled the financials exposure in his £667m US Opportunities fund and is preparing to take his long-term underweight to the sector to neutral.

Financial stocks could deliver over 25% of the earnings growth of America's leading index over the next 12 months, says Bill Miller, the chairman of Legg Mason Capital Management.

UK companies must develop their presence in emerging markets or risk being left behind "in the slow lane of history", says PwC.

SOUTH AFRICA AS A BRIC?