Former billionaire Allen Stanford, who stole $7bn from his investors in a Ponzi scheme, has been sentenced to 110 years in US courts.

The UK Chancellor George Osborne and the Bank of England's governor Mervyn King have unveiled a £100bn package to prop up the UK's flagging economy and protect it from the encroaching eurozone crisis.

Investment Quorum's investment committee is looking to deploy cash piles into the markets on its model portfolios as it urges clients to "be brave" and embrace opportunities found in market volatility.

Kames Capital's bond star Phil Milburn has revealed the onshore High Yield Bond fund he runs with Melanie Mitchell will be capped when it reaches £2bn.

Neil Woodford's £20bn income portfolios are set for a boost after small-cap healthcare stock Proximagen was subject to an agreed bid, at more than twice the share price he paid.

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Ian Lance and Nick Purves have allowed cash to rise to 15% on the RWC Enhanced Income fund due to a lack of opportunities in the "expensive" equity market.

JOHCM Income duo move overweight in life and non-life insurance companies

Natixis Global Asset Management is launching onshore mirrors of up to five funds from its affiliated partners including Loomis Sayles and AlphaSimplex.

INSYNERGY Investment Management is shutting down its fund range just four years after setting up, as pressure grows in the industry for competitiveness on fees ahead of RDR.