Investment strategists and asset allocation heads have labelled last week's fiscal cliff deal a ‘short-term fix', which could spark a fresh round of sovereign debt downgrades in the coming months.

Nouriel Roubini has warned the market euphoria surrounding the US fiscal cliff deal is unsustainable, arguing the longer-term outlook for the world's biggest economy remains "bleak".

Ian Porter has joined Sanlam Private Investments (SPI) in the newly created position of head of wealth management, as the firm looks to grow its presence in the retail market.

Warren Buffett has pumped a $2bn stake into solar energy, with the veteran investor acquiring two power plant projects in California from solar firm SunPower.

Henderson Global Investors has lost the management contract of its £286m Asian Growth trust to Schroders, after the board undertook a review of its investment management arrangements.

The Investment Management Association (IMA) has urged fund groups to roll over past performance of existing fund retail classes to new ‘clean' RDR share classes.

BOLTON: MY OUTLOOK FOR 2013

Old Mutual Global Investors has bolstered its alternatives investment team, hiring Donald Pepper as managing director of alternative investments.

Standard Life Investments has become the latest big player to enter the emerging market income space, launching a GEM Income fund for analyst Mark Vincent.

Smaller company focused investment trusts were the big winners in 2012, with many seeing NAV gains of 20% or more, spurred on by the strong performance of the FTSE Small Cap (ex IC) index.