Jupiter's Merlin multi-manager team have added Jim Leaviss' M&G Global Macro Bond fund to their Merlin range as they adjust the portfolios over the summer period.

The Federal Reserve has been accused of ‘making policy on the fly' after it opted not to taper its quantitative easing programme at its monthly meeting yesterday.

Troy Asset Management CEO Sebastian Lyon has pledged to retain his 'natural caution' in the face of an increasingly optimistic atmosphere for equity investment.

Managers have suggested growth stocks - many investors' favoured plays for a post-QE era - may struggle once the Fed slows its asset purchase programme.

James Henderson's UK Equity Income fund has been ejected from the IMA UK Equity Income sector for failing to meet the trade body's sector requirements.

UK CPI inflation fell from 2.8% to 2.7% in August, in line with economists' expectations, as falling transport costs pushed the headline figure down.

Fixed income managers have taken profits on their short positions in US treasuries in the expectation this week could mark the start of a short-term rally.

Simon Dale has joined Matthews Asia to direct its business development activities in the UK and Europe.

The FTSE 100 has jumped almost 1% after former US Treasury secretary Larry Summers withdrew his candidacy to replace Federal Reserve chair Ben Bernanke next year.

Invesco Perpetual's Neil Woodford is backing the Thomas Cook turnaround story, Investment Week can reveal, and has bought his first FTSE 100 financial since the crisis.