Europe

Odey Asset Management is to pass its £217m Continental European fund to ex-Waverton manager Oliver Kelton.

Greece has missed its scheduled payment to the International Monetary Fund (IMF), announcing it will bundle debt due into a single figure at the end of the month instead.

Five funds to benefit from European tailwinds

Beware Greek schadenfreude

GAM's European equities manager Niall Gallagher has predicted European equities could double in the near term as the region is supported by a number of tailwinds.

John Bennett, head of European equities at Henderson, has said he wished he could increase his weighting to small caps in his open-ended funds, as they currently offer the "best value in Europe".

F&C's European equities manager Mark Nichols is leaving his role to join Columbia Threadneedle Investments as portfolio manager in its European equities team.

Deutsche Bank could move parts of its business from the UK to Germany if a referendum ends the UK's membership of the European Union.

Britain's foreign secretary Philip Hammond has echoed Bank of England Governor Mark Carney's calls for a 'fast' referendum on Britain's place in the EU.

Exchange-traded product provider WisdomTree has launched the sterling hedged WisdomTree Germany Equity UCITS ETF on the London Stock Exchange.