The FTSE 100 has opened lower this morning as investor confidence was dented by weaker Asian markets overnight and a flat US session on Monday.

Simon Lue-Fong, manager of Pictet's Emerging Local Currency Debt fund, has reduced his long duration bias in preparation for the end of emerging market bank's rate cutting cycle.

F&C has reintroduced AXA Framlington Equity Income to its multi-manager Cautious and Distribution portfolios.

Thames River and Nevsky Capital saw gross inflows in excess of £2.4bn in the seven months to 31 July 2009.

The Dow Jones was rapidly approaching a 2% drop in early trading on Monday on fears the recent rally may have been overdone.

Matterley Asset Management has joined Charles Stanley as the recently-launched boutique looks to continue its expansion plans.

London's blue-chip index has suffered a poor start to the week after sharp stock falls in Asia today, with property groups and miners among the early decliners.

Profitability at the UK's major banks over the next three years may be sufficient to cover impairment charges and even allow for some addition to capital, effectively ruling out any future need for Government bail-outs, Henderson's Simon Ward says.

The London-listed J.P. Morgan Private Equity has completed its latest round of fundraising, exceeding its target of $50m by $25m.

The Dow Jones has fallen 1% this morning as investors await the outcome of the Federal Reserve's two-day rate setting meeting.