Asset allocators are selling down equities to cut risk exposure as markets digest the EU's solution to the Greek crisis, and US debt fears persist.

The largest investment trust to enter the market this year, the $507m Neuberger Berman Global Floating Rate Income fund, has implemented a redemption trigger that will buy back shares at close to net asset value if the company moves onto a wide discount....

J.P. Morgan is set to overhaul its £292m America Equity fund next month, slashing 50% of the portfolio's holdings.

Credit rating agencies should not be blamed for intensifying the debt crisis in Europe, according to a House of Lords committee.

Analysts at JPMorgan Chase have downgraded LinkedIn from a'buy' to 'neutral' recommendation, amid concerns the stock is overheated.

RBC Wealth Management's head of opportunistic strategy Peter Lucas has joined Rathbone Investment Management as an investment director.

Barack Obama has pleaded with Congress to come up with a compromise to raise the country's debt ceiling and stave off default, reports the FT.

Invesco Perpetual's Paul Causer and Paul Read have allocated nearly a quarter of their £398m Tactical Bond fund to Spanish and Italian bonds in the view the countries are "too big to fail".

Thames River multi-manager heads Rob Burdett and Gary Potter's latest quarterly report on the fund management industry shows just 2.68% have posted top quartile performance over the three years to Q2 2011.

Royal London is in exclusive talks to acquire Co-operative Financial Services' asset management and life insurance arms.