Ruffer's flagship investment trust has made "painfully slow" progress in 2012, held back by protective investments in the US dollar, put options, and gold mining shares.

Equities were the best-selling asset class for the third month running in November, according to the latest IMA sales figures.

The FTSE 100 has started to recover during this morning's trading, after its first poor finish since the start of the year on Monday.

HSBC says sterling will weaken this year as it faces a "triple cocktail" of potentially destructive factors from China, the US and the eurozone.

Charles Stanley has appointed Douglas McNeill as investment director for its new direct-to-client service, due to launch at the end of March.

Aberdeen's head of emerging market debt expects emerging market currencies to be the key drivers of superior returns from the asset class in 2013.

Emerging market stocks rose for the ninth day in a row today on increased investor confidence, driven by positive data from China and the US.

Pioneer Investments has appointed David Glazer to the newly-created role of global equities portfolio manager, based in Boston.

Baring Asset Management has appointed Nicola Hayes as head of client service and relationship development.

Smith & Williamson Investment Management has appointed Mickey Morrissey as head of UK IFA sales in a push to grow its discretionary fund management service.