Premier's multi-manager David Hambidge has warned absolute return funds are at risk of 'eating themselves' and may die out if they continue to underperform.

Libya unrest has driven Brent crude oil to a 29-month high of $119, causing Asian markets to fall overnight and European stocks to slump as investors take profits.

The FTSE has staged a fightback and is now back above 6,000 points despite falling 1.3% earlier in the session on the back of political unrest in Libya and oil prices close to hitting two-and-a-half-year highs.

BlackRock's Sam Vecht believes frontier markets are offering better value than overcrowded and overheating emerging markets.

The investment trust universe is experiencing an upsurge in M&A activity, says MAM Funds' Nick Greenwood, who has reshaped his portfolio to take advantage of the trend.

Anthony Bolton's Fidelity China Special Situations trust has raised its target of £166.25m with its latest C-Share offer.

BRAZIL HOUSING SCHEMES SPARK INTEREST

Inflationary pressures are greater than the MPC painted in its latest report and higher interest rates are urgently needed, says the MPC's Andrew Sentance.

The US Federal Reserve has raised its economic growth forecast for the US this year from 3%-3.6% to 3.4%-3.9%.

L&G Investment Management (LGIM)'s multi-manager team is moving its equity focus away from emerging markets towards the US and other developed economies.