Private client investment manager Principal Investment Management has appointed Stephen Jones, former head of European equities at Gartmore, as its CIO.

The near 10% fall in shares since January does not presage another bear market, says Dalton Strategic Partnership.

Investment boutique VAM Funds has won FSA approval to market its Luxembourg-based range in the UK.

GLG Partners' AUM grew by 47.4% last year, aided by strong gains for its long only funds.

The FTSE was flat in early trading Thursday despite a positive outlook from defence contractor BAE Systems.

The FTSE was up 27.5 points (0.5%) to 5271.63 points, buoyed by gains among mining firms.

Liontrust Asset Management is to launch its European Value fund next month.

Dalton Strategic Partnership has added former head of equities at Investec Asset Management Nick Mottram to its global equities team.

Axa Ethical Distribution fund manager Richard Marwood has added to financial stocks this month and offloaded almost all traditional gilts on concerns of inflation.

You could almost hear the sighs of relief in Greece yesterday when the EU pledged support.