Pimco, the manager of the world's largest bond fund, has been selling down treasuries as it expects a second round of debt purchases by the Federal Reserve to have limited impact.

HSBC Global Asset Management has added sterling share classes to nine of its offshore emerging market funds, making them more easily accessible to retail investors.

BlackRock's Richard Plackett has handed the management of his UK Smaller Companies fund to co-manager Ralph Cox.

LVAM's head of multi-manager Tom Caddick is taking on the role of head of multi-manager at Santander Asset Management as Keith Speck departs.

Dominique Strauss-Kahn, the head of the International Monetary Fund, has warned global currency disputes are a "real threat" to the economic recovery.

The Japanese yen hit a new 15-year high against the US dollar today as prime minister Naoto Kan hinted at further currency intervention.

Miners relinquished some of yesterday's gains in early trading on Thursday, pulling the FTSE more than 20 points lower to 5,659.

HSBC Global Asset Management has launched a leveraged version of its flagship Global Macro absolute return fund.

London entered the final quarter of 2010 in positive mood with sentiment lifted by hints from incoming BP boss the group is ready to restore the dividend payments suspended during the Gulf of Mexico crisis.

Swip has handed a £267m UK equity mandate to LGIM's head of active equities Robert Churchlow.