Barack Obama has led the Democrats to victory in the US elections, being appointed for a second four-year term as President, defeating his Republican opponent Mitt Romney.

Standard Life Investments' £13bn Global Absolute Return Strategies (GARS) fund has bought back into European equities for the first time in over a year.

The inability of US funds to outperform the S&P 500 has been a long-standing concern for fund selectors, but performance figures for the term of Barack Obama's presidency paint a particularly bleak picture.

Standard Life Investments (SLI) has appointed Adam Rudd as an investment director within its multi-asset team.

Investment veteran Warren Buffett is running cash levels just shy of his career all-time high, after his company Berkshire Hathaway reported profits climbed 72% in the third quarter.

Alliance Trust snapped up a £35m stake in European equities at the end of September to take advantage of ‘compelling valuations' across the continent.

Fund groups have closed dollar denominated funds today as New York was declared a major disaster area following the devastating impact of Hurricane Sandy.

France's economy is looking increasingly troubled and it could be the next eurozone domino to fall, investors at Legal & General Investments and Carmignac Gestion have warned.

The Association of Investment Companies (AIC) has backed industry calls for the FSA to relax planned rules restricting the sale of EIS and VCTs to retail investors.

BP has raised its dividend by 12.5% to 9c a share, but reported a fall in profits in the third quarter.