Debating with Hugh Hendry earlier this week on Newsnight, European Socialist Party president Poul Nyrup Rasmussen implied Greece needed hedge funds like a hole in the head.

OPM Fund Management has made a slew of fund changes in the past month, with Investec Asset Management among the main beneficiaries.

Greek debt will remain volatile until Athens takes financial support from the EU or IMF, according to Stephen Drew.

Baker Steel Capital Management is to rename and list its Genus Capital natural resources fund in London next month.

The FTSE 100 was up 11 this morning at 5,613 points, with financials peppering both sides of the gainers and losers tables.

Assets at Gartmore grew by 19% to £22.2bn last year, boosted by net inflows into mutual funds of £485m.

Baillie Gifford has converted its Income fund to a new globally-focused product.

Augustus Asset Managers' funds are to invest more heavily in convertible bonds as it feels the equity risk premium is now higher than the premium it can earn on vanilla bonds.

The directors of Nevsky Capital's $3.3bn hedge fund are thought not to be actively planning to recruit replacement managers when incumbents Martin Taylor and Nick Barnes step down in 12 months.

As regulators attempt to place more controls on short positions, analysis shows interest in UK banks is on the wane