OLYMPICS

Charlie Porter is to step back from his role at the helm of F&C Investments, Investment Week understands.

Man Group was the biggest winner in early trading in London, with its shares up 10.2% to 76.20p.

Old Mutual is preparing to cut 30 jobs as it merges Skandia Investment Group and Old Mutual Asset Managers into a single division.

Resources funds are among the largest losers of the year so far as sharp falls in the price of oil and other commodities took their toll.

Spain's 5-year bond yields hit a new euro-era high at a disappointing auction today as investors cast doubt on the country's ability to repay its debt.

GREECE

GREEK ELECTIONS

After years of being the black sheep of the asset management industry, appetite for hedge funds may be returning according to Momentum Global Investment Management.

The chief executive of Xstrata is in line for a £75m payday as head of the company created from a merger of the miner with commodities giant Glencore.