BlackRock has defended head of European equities Nigel Bolton after Italian regulator Consob launched legal proceedings against him.
Mario Draghi, the head of the European Central Bank (ECB), has said the country is not facing a Japanese-style deflationary spiral despite recent data showing inflation is sliding.
The spectre of deflation in Europe is once again back at the forefront of investors' minds today after the latest reading of price movements saw inflation fall to a record low.
Alken's Absolute Return Europe fund has seen inflows of nearly £700m since the start of the year as investors piled into absolute return products.
Former Gartmore manager Guillaume Rambourg has launched his first long-only European equity fund for new venture Verrazzano Capital.