Bob Michele, global CIO of fixed income and currency at J.P. Morgan Asset Management, has said Greek bond holders should take a huge hit to help resolve the debt crisis in Europe.

MAM Funds saw its funds under management climb 9% year on year, according to its interim results for the first half of the year, released today.

Liontrust has blamed stock market movements for a fall in its assets under management between April and September, but has reported a positive net inflow for the period.

Martin Currie is planning to convert its European fund into an income mandate as co-manager Eric Woehrling departs the firm, Investment Week understands.

Investors have accused the Federal Reserve of ‘fiddling while Rome burns' after its latest attempt to support the US economy was followed by a brutal market sell-off.

TWISTED THINKING

Schroders head of Asia ex-Japan equities, Robin Parbrook, said returns from China have been 'miserable' for the last two decades, and warned the country still faces major challenges.

The revelation of rogue trading at UBS follows a period of market volatility. That is nothing new, say risk managers.

FOUR HIDDEN RISKS

Schroders Japan Alpha Plus manager says region will not be hit with crisis of confidence despite year's events.