Hedge fund manager John Paulson netted more than $5bn (£3.15bn) last year, likely to be the biggest annual profit in investing history, according to the Wall Street Journal.

Cautious Managed remains the top seller on Cofunds, completing a strong year for the sector.

Marlborough's investment director Geoff Hitchin says bond exposure will be an essential driver of portfolio performance as the developed world attempts to offset the risk of further financial crises.

Standard & Poor's has downgraded Japan's sovereign debt rating to AA- from AA as the group expects the country's fiscal deficit to remain high in the next few years.

Discounts across the entire investment trust universe narrowed significantly last year from an average 11.6% to 9.2% on the back of equity markets strengthening, according to research from Oriel Securities.

Threadneedle's Cormac Weldon has revised upwards his forecast for US GDP growth this year, from 2.5% to 3%, on the back of an improved macro outlook for the region.

Since taking over the helm of Standard Life Investments' UK Equity Unconstrained fund in April 2008, Ed Legget has raised eyebrows in the UK All Companies sector.

Standard Life Investments' Ed Legget believes the FTSE 100 could soar to 6,900 by January 2012 as the index is driven by a shift in sentiment away from bonds towards equities.

Ex-LVAM multi-manager Tom Caddick and colleague Toby Vaughan have joined Santander Asset Management.

Informed Choice has slammed groups including Invesco Perpetual, M&G and SWIP for their poorly performing UK equity income offerings.