Franklin Templeton's Mark Mobius has said Russia is his current emerging market of choice and suggested concerns over corporate governance are misplaced.

Eclectica Asset Management is to close Hugh Hendry's CF Eclectica Europe fund.

Threadneedle's Stephen Thornber is looking to the commodities sector for special dividend payouts as he prepares to cut certain income payers in his quarterly portfolio review.

The IMA is to monitor the holdings of funds in the Money Market sector for the first time, in line with new FSA and European requirements.

HSBC's José Cuervo has joined Santander Asset Management as global head of Latin American equities.

BHP BUY COULD DRIVE M&A

The management team of New Star's US institutional arm has joined forces with a Canadian asset manager to buy the business from Henderson.

Gold broke the $1,600 barrier in early trading today as markets awaited further developments in the US and eurozone.

Legal & General IM is to reposition its £529m Diversified Absolute Return Trust in a move which may see it change the fund's name as well as its investment objective, Investment Week understands.

KEEP CALM AND CARRY ON