Barings has added an emerging markets multi-asset fund to its range for head of multi-asset Percival Stanion.

The IMF has urged the US government to raise its debt ceiling to avoid "global repercussions" for financial markets and a debt "shock".

Managers have been buying gilts in the view interest rates will stay lower for longer as the MPC revealed last week it considered a second round of QE in its June meeting.

RWC Partners' Peter Allwright has warned UK markets are heading for another 2008-style crash as the country enters a new phase of deleveraging.

RWC Partners has expanded its convertibles range with a fund focusing specifically on the Asian region.

The UK banking sector faces a further shake-up as the BoE's Financial Policy Committee (FPC) recommended an audit on banks' exposure to eurozone debt, as well as recommending cuts in dividends and bonuses.

The FTSE 100 jumped 1.5% this morning, reversing the losses of yesterday afternoon's session.

Clive Burstow, a former analyst at Cazenove, has rejoined the group to work on its Global Resources fund.

The Federal Reserve has scaled down its growth forecast for the US in the face of higher energy costs and weak manufacturing data.

Leading fund managers are moving to snap up ‘cheap' UK banks after a dismal year which saw them drop in value as markets raced higher.