Equities

Carlos de Leon has joined Allianz RCM as a portfolio manager ahead of the launch of its Brazil fund in October.

Former Neptune India and Asia Pacific Opportunities manager Shelley Kuhn has returned to the boutique to run a new African equity fund.

Warren Buffett's Berkshire Hathaway has emerged as a possible bidder for the Royal Bank of Scotland's Direct Line insurance business.

The yen is higher against major currencies today despite the Japanese Government unveiling a ¥920bn stimulus package and the BoJ extending an additional ¥10trn of lending to banks.

French insurance giant Axa, which was the largest shareholder in Goldman Sachs, has almost halved its stake in the investment bank.

I confess I am a Berkshire Hathaway shareholder and Warren Buffett fan. I have been interested for some time in his philosophy and investment approach and read, earlier in my career, everything I could about him and his mentor, Benjamin Graham.

The UK's top fund managers have paid tribute to the influence and lessons of Warren Buffett on ‘The Sage of Omaha's' 80th birthday.

The Federal Reserve is prepared to take "unconventional measures" to prop up the US economic recovery, said Ben Bernanke in a speech today.

Markets reacted positively to the news the US had not slowed to the 1.4% expected in the second quarter.

EQUITIES