Anthony Bolton has told investors he has no regrets about taking on the Fidelity China Special Situations trust, despite a "disappointing" run of performance.
Fidelity's Anthony Bolton is set to retire next year, bringing to an end his 30-year career in fund management.
Royal Bank of Scotland (RBS) has pulled out of the retail structured product market due to high capital costs.
Emerging market debt suffered its worst weekly sell-off for nearly two years in June, as investors reduced local currency exposure in anticipation of a rising dollar.
Royal London's Derek Mitchell has urged caution on the surging housebuilding sector, which has been a major contributor to mid-cap fund performance over recent months.
Mid cap managers are reviewing some of their key holdings following the latest re-shuffle of the FTSE indices, which has seen two popular stocks promoted.
Shares in Royal Bank of Scotland dropped 7% at the start of today's trading session in London following news CEO Stephen Hester will step down later this year.
Last July's pledge by ECB president Mario Draghi to do "whatever it takes" to save the euro has sparked a run that saw the MSCI Europe index beat the MSCI World by 6% in the last year, surpassed only by the US in terms of performance.
The Nikkei endured further sharp losses on Thursday, entering a bear market as investors sold Japanese shares ahead of an expected tapering of QE by the US Federal Reserve.
The Royal Bank of Scotland (RBS) should be converted so that it resembles a Canadian bank, a document created by a hedge fund boss and unwittingly shown to the press has proposed.