Loomis Sayles & Company, a subsidiary of Natixis Global Asset Management, has launched an absolute return bond fund.

Pimco's Bill Gross has completely exited US treasuries on the £146bn Total Return fund, in favour of cash.

RATE HIKES IN EUROZONE COULD BE 'DISASTROUS'

Jon Pain, formerly managing director of the FSA, will join KPMG as a partner working in its regulatory practice.

Schroders is to hard-close its US Mid Cap fund due to soaring inflows.

The disruption and anti-government protests seen in the MENA region stems from the US Federal Reserve printing money, said Aberdeen's head of global equities, who has moved defensive to protect portfolios from further unrest.

Billionaire investor George Soros has urged Western nations to support revolutions in the Middle East to gain allegiance with new-found democracies.

Ongoing disruption in the Middle East and the higher oil price has dragged on global markets, with many seeing losses of more than 1%.

Investors in the top 10 hedge funds reaped returns of $28bn (£17.2bn) in the second half of last year alone, according to new data.

The re-opening of the Egyptian stock exchange has been further delayed as the exchange head rejects calls to cancel trades placed in the last few days it was open.