The number of new funds being launched into the European market has dropped by half from the peak in 2008 as asset managers struggle through a tough business environment.

Massachusetts Secretary of Commonwealth William Galvin has reportedly issued Morgan Stanley with a subpoena as part of an investigation into Facebook's IPO, while two investors are taking legal action against Facebook, Nasdaq and Morgan Stanley following...

Fidelity's multi-manager team has dropped Sanjeev Shah's £2.4bn Fidelity Special Situations fund from its Select List of preferred funds.

MAM Funds' Simon Callow has changed the strategy on his Midas Balanced Growth fund to make greater use of exchange-traded funds (ETFs) and hedging.

Facebook shares fell another 8% on its third day of trading on the Nasdaq after the stock closed 11% lower on Monday.

Fitch Ratings has downgraded Japan's sovereign debt rating to A+ and has placed the country on a negative outlook owing to its rising public debt pile.

Inflation in the UK dropped in April, beating the consensus forecast.

Hedge fund veteran Crispin Odey has given his take on the "depressing story" playing out in the eurozone, suggesting beleaguered Europe and the resilient US could move in very different directions.

Man Group is to acquire hedge fund research and investment group FRM Holdings, rebranding its multi-manager business with the FRM tag.

MAM Funds is set to move four of its portfolios, including Martin Gray's £784m Special Situations fund, into different IMA sectors which better suit their investment mandates.