Former RBS chief executive Sir Fred Goodwin has had his knighthood cancelled and annulled by the Queen.

Newton has renamed its £1.1bn International Growth fund as former CIO Jeff Munroe takes over as manager.

Patrick Harrington, manager of Jupiter's £91m Undervalued Assets fund and its £100m Fund of Investment Trusts, has left the company.

The FTSE 100 has fallen 1.1% as concerns over Portugal and the continued lack of a Greek bond swap deal weigh on global markets.

Global equity fund managers have been too hesitant in moving to capture the US equity rally, Artemis Global Select manager Simon Edelsten has said.

BlueCrest Capital is to list a feeder fund for its BlueTrend strategy, a systematic fund that trades across 150 global markets, on the London Stock Exchange this March.

Three years into Barack Obama's term as US president, how do equity market returns under this administration compare with those seen under previous leaders?

FUND MANAGER FOCUS

Markets are still searching for a "new paradigm" and will not find the answers to the financial crisis in the current cycle, according to Citigroup CEO Vikram Pandit.

After a rare earnings miss in Q3, normal service was resumed for Apple yesterday as the US tech giant's Q4 2011 profits easily beat analyst expectations.