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GLG has launched a mirror version of Henry Dixon and his ex-Matterley colleagues' Undervalued Assets fund, after poaching the team in September.

Warren Buffett's Berkshire Hathaway has purchased a $3.45bn stake in oil company Exxon Mobil.

Janet Yellen has defended the Federal Reserve's quantitative easing programme in her first appearance before Congress.

SVG Investment Managers is to rebrand as GVO Investment Management (GVOIM) before the end of 2013.