Liontrust is to launch an offshore version of its popular Special Situations unit trust early next month.

Fidelity's Ian Spreadbury has snapped up some Italian and Spanish sovereign debt, as well as corporates in both regions, to provide his funds with some extra yield.

UK equities have been surprisingly resilient this year, with the FTSE 100 and the FTSE All-Share each posting gains in the face of a raft of macroeconomic uncertainties.

The Investment Management Association (IMA) has appointed the former director general of the AIC Daniel Godfrey to replace Richard Saunders as its chief executive.

The devastation caused by Hurricane Sandy over the past few days could cost the US economy as much as $20bn, according to the latest estimates.

Demand for Standard Life Investments' popular MyFolio range has helped the business grow assets under management to almost £80bn, the company said today.

Hargreaves Lansdown's widely followed Wealth 150 list of recommended funds has fallen by almost a third amid a lack of decent active funds and some soft-closures.

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

US FISCAL CLIFF

Brett Williams, the former head of platform giants Skandia and Cofunds, has moved into the EIS market with a series of launches through his new venture Old Burlington Investments (OBI).