Investec Asset Management has reported record inflows for the year to end of March 2011, taking assets under management to a new high of £59bn.

Dominique Strauss-Kahn this morning gave in to mounting pressure following his arrest for an alleged sexual assault by resigning from the IMF.

Fidelity's bond manager Ian Spreadbury has warned the UK has a 20% chance of returning to recession as consumers face mounting pressure from taxes, commodity price rises and high unemployment.

Robin Geffen has used the full 20% overseas allowance in his £1.04bn Neptune Income fund and is shunning UK consumer facing stocks.

Dominique Strauss-Kahn's role as head of the International Monetary Fund (IMF) looks increasingly untenable following comments from US Treasury Secretary Tim Geithner he "cannot run" the IMF.

Fidelity is understood to be among a number of leading fund managers and investors who will vote against Prudential chairman Harvey McGrath's re-election.

The US treasury is battling to slash spending after the country's national debt soared to $14trn, reaching a self-imposed limit set by Congress last century.

Schroders' behemoth Income fund has had one of its worst periods of performance relative to peers following the handover to managers Kevin Murphy and Nick Kirrage.

Fidelity is running a pilot global long/short portfolio which may be released to professional investors later in an expansion of the group's FAST fund range.

Bank of England governor Mervyn King has warned the extended holiday to celebrate the royal wedding last month will hurt GDP growth.