Rathbones is set to launch an Enhanced Growth portfolio for head of multi-asset investments David Coombs on 1 August.

Former Gartmore manager Guillaume Rambourg has hired Goldman Sachs' Karim Moussalem to work with him on his new hedge fund venture, according to Financial News.

Chinese growth figures have dropped from 9.7% in the first quarter of this year to 9.5% in the second quarter, as the government struggles to contain rising inflation.

Minutes from the Federal Open Market Committee (FOMC)'s June meeting reveal members are divided over whether a third round of quantitative easing is the best option for the US economic recovery.

M&G's Stuart Rhodes is poised to drop a handful of stocks from his £1.1bn M&G Global Dividend fund in the expectation they are set to cut their dividend.

Dalton SP's Peter Kaye has slashed his exposure to energy and technology sectors in favour of defensive stocks on negative US sentiment, but forecasts a bounce back in the US equity market.

M&G's Richard Woolnough is maintaining his underweight to UK banks as he predicts the sector will not see a turnaround for 10 to 20 years.

The Bank's decision to maintain interest rates splits opinion among economists.

Richard Evans, co-manager of the £204m Martin Currie Asia Pacific fund, will leave the firm and the fund management industry at the end of September.

Man Group has blamed challenging market conditions for more than $1bn of negative investment movement in the first quarter of 2011.