Former head of high yield at Gartmore, Kam Tugnait, has joined European sub-investment grade credit fund managers Babson Capital Europe as a managing director.

BP's troubled deal with state-controlled Russian oil company Rosneft has fallen through.

Aviva Investors is launching a US Equity Income fund on 1 July, managed by wholly-owned US equity subsidiary River Road Asset Management.

European markets opened lower on news of IMF chief Dominique Strauss-Kahn's arrest on sexual assault charges, amid fears his absence from eurozone talks will delay bailout plans for Portugal and Greece.

Tracker funds reported their highest ever net retail sales in Q1, although inflows into ethical products were below recent levels, according to IMA figures.

GAM's Star Technology fund manager Mark Hawtin reveals his top five stockpicks for growth in media and tech.

Chinese inflation has reached a peak, according to Jupiter's Philip Ehrmann, who also believes monetary policy is likely to become more relaxed in the second half of this year.

Markets across Europe fell at the start of trading as an earthquake measuring 5.1 on the Richter scale hit Spain and commodities were heavily sold off in the US.

Barings has recruited Wilfred Sit to fill the newly-created role of chief investment officer for the Asian business, four years after he left the group.

AllianceBernstein has unveiled a European Flexible Equity fund, a UCITS III absolute return strategy designed to adapt its exposure in accordance with the market environment.