The European Central Bank has cut interest rates by 25 basis points to 1% and announced new measures to help ease funding pressures.

Thames River Capital is set to close its Luxembourg domiciled £3m Multi-Select fund, run by multi-manager duo Garry Potter and Rob Burdett.

The fund management industry has been avidly following every twist and turn of the Patrick Evershed versus New Star fight over recent weeks.

Partick Evershed's claims he and other staff members were bullied by New Star Asset Management founder John Duffield have been dismissed by three of his ex-colleagues.

Fidelity's global CIO, equities, Dominic Rossi has forecast another difficult year for equity investors as we enter 2012 but believes emerging markets are set to come back into the spotlight.

Hedge fund billionaire Raj Rajaratnam has began serving his eleven year term for insider trading after he was found guilty in October of exchanging illegal stock tips.

The Dow Jones shed 75 points in late trading as speculation mounted Standard & Poor's was lining up potential downgrades for 15 of the 17 members of the eurozone.

Gregor Logan, the former joint chief investment officer of New Star, said a leveraged balance sheet and poor performance from flagship funds caused the demise of the asset manager.

Barclays Capital is to launch an onshore version of its Radar fund in February 2012, Investment Week understands.

US unemployment posted a surprise fall in November, down from 9% to 8.6%, supported by an increase in non-farm payroll employment to 120,000 in November.