Investec's Alastair Mundy has said investor irrationality is helping his investment process but has warned on corporate profitability.

Artemis' William Littlewood has said he expects eurozone policymakers to begin printing money in order to save the single currency.

The FTSE 100 was 1.3% lower this morning after slowing Chinese GDP data and a Moody's warning over France's AAA-rating weighed on sentiment.

Chinese GDP has risen by 9.1% in the third quarter, its lowest quarterly figure for two years.

Franklin Templeton's Mark Mobius has said he does not believe there will be a recession in developed or emerging markets despite the ongoing eurozone sovereign crisis.

Capital Economics has said the eurozone debt crisis will have "severe adverse effects" on the UK economy, pushing it back into recession in 2012.

US markets are down 1% and the FTSE has moved into the red after the German finance minster dampened hopes for next weekend's EU summit.

Neptune is launching a global long/short fund for founder Robin Geffen and Ted Alexander on 1 November.

Threadneedle has launched a SICAV version of the $1.5bn US Contrarian Core fund run by sister company Columbia Management.

Managers are moving back into global equity markets as the VIX ‘fear index' falls from a recent peak.