Gold is on course to post a fourth straight month of falls in price, the worst run the yellow metal has experienced since the turn of the millennium.

Standard Life Investments' has became the latest group to launch a global emerging markets equity fund, to be headed up by Alistair Way.

Investment bank Morgan Stanley has warned the ramifications of Greece exiting the euro are more serious than markets are anticipating, with a full-scale eurozone collapse now more likely.

ITs

Threadneedle has added two names to its fixed income team following the departure of the group's head of emerging market debt, Richard House.

Spain's market regulator has suspended trading in Bankia shares ahead of a crunch meeting where the lender is expected to ask the government for around €15bn to stay afloat.

Morningstar has launched a stinging attack on the closed-ended funds industry, arguing the sector will not be able to compete with OEICs until it releases full holdings data on a regular basis.

Jupiter's head of European equities Alex Darwall said there are a number of companies which will emerge from the European sovereign debt crisis with stronger business models.

Jupiter Asset Management CIO John Chatfeild-Roberts has revealed he has avoided buying investment trusts throughout his career because of liquidity issues within the sector.

First State UK CEO Rob Adams has joined Henderson Global Investors to spearhead its new Australian investment management business.