The FTSE 100 and sterling have both held on to gains from this morning following Chancellor George Osborne's 2013 Budget speech.

European markets ended Tuesday lower as concerns over Cyprus and uncertainty over the European debt crisis weighed on investor confidence.

Ariel Bezalel has been adding gold mining debt to the £1.5bn Jupiter Strategic Bond fund, in expectation the gold spot price could hit as much as $3,000 per troy ounce in the next 12-24 months.

Philip Milburn, manager of the £1.5bn Kames High Yield Bond fund, is avoiding taking on extra risk in his portfolio this year, as he does not expect the extra yield on offer from CCC-rated bonds will be sufficient to make up for the default risk.

The Absolute Return sector - soon to be renamed Targeted Absolute Return - has often divided investors, particularly during down markets when some funds have failed to deliver a positive return.

The managers of the Ruffer investment trust are concerned further monetary easing may lead to another financial crisis on a par with 2007/8 as talk of yet more stimulus fuels 'risk-takers'.

Two of Pictet's emerging markets team, including Russia fund manager Peter Jarvis, have left Pictet Asset Management(PAM), Investment Week can reveal.

Sterling has jumped against the dollar, reversing this morning's losses, after the Bank of England's Monetary Policy Committee (MPC) voted to keep its quantitative easing programme unchanged at £375bn.

Insurance firm Aviva suffered a loss of £3bn in 2012 due to a £3.3bn writedown from the sale of its US business last year.

Some of the largest funds in the IMA Global Emerging Markets and Asia Pacific ex Japan sectors have significantly increased exposure to Indian equities over 12 months to the end of January.