Investment guru Warren Buffett has ruled out a double dip recession in the US and says the businesses owned by his Berkshire Hathaway vehicle are expanding.
Fund managers expect the Basel Committee's new rules on bank capital adequacy to have a major impact on financial sector debt and equity markets.
GLG Partners plans to reopen its long/short Alpha Select fund to limited new investment on 20 September.
Gam has launched a Ucits III long/short fund with an emerging markets remit for investment director Sean Taylor.