F&C Asset Management's spat with Sherborne Investors continued today as the group posed a number of questions to the activist investor within its fourth quarter report.

Castlestone's Arrash Zafari has added defensive positions to the recently launched Next 11 fund as investors become more concerned about equities over-heating in emerging markets.

Fund managers have applauded the deal struck between beleaguered oil giant BP and Russian group Rosneft, with some topping up their positions last week.

The Somerset Emerging Dividend Growth fund was launched last year to offer investors a defensive play following a bull run in the emerging regions.

The price of oil could surge above $200 a barrel, more than doubling from present levels, according to Jim Rogers.

Spain's economic problems will be the ultimate test for the euro but the currency will emerge stronger, says Aegon's Phil Milburn.

F&C's purchases of Thames River and REIT could prove harmful to shareholders' interests, according to Sherborne Investors, which is seeking to oust the group's chairman Nick MacAndrew.

Schroders' Richard Buxton believes interest rates will remain on hold in 2011, despite a record jump in inflation.

INFLATION WILL CAUSE MASS HYSTERIA

Old Mutual Asset Managers is to merge its two income funds run by Stephen Message, subject to FSA and shareholder approval.