Equities

Bill Gross, manager of the world's largest bond fund, has compared the US economy to a supernova on the path to extinction as it has become too reliant on credit and real growth is being eroded.

The US economy shrunk in the final quarter of 2012, raising fresh questions about the strength of its economic recovery.

Schroders is preparing to add a sterling-hedged share class to its £797m Tokyo fund as investors become more concerned about downside risk to the yen.

Aberdeen Asset Management's multi-manager team is to seed specialist Asian equity house Coupland Cardiff's Japan Income & Growth fund when it launches tomorrow.

Britain risks seeing its standard of living hit if it leaves the European Union, according to the head of the firm running the world's largest bond fund.

Royal London Asset Management(RLAM) head of equities Jane Coffey is "in discussions" with the group over her future as the group overhauls the management of some of its equity funds.

Royal Bank of Scotland (RBS) is to pay up to £250m in bonuses to its investment banking division, including to those implicated in the LIBOR-rigging scandal.

Fidelity Special Situations fund manager Sanjeev Shah has warned investors that equities are at risk of a significant pullback this year as valuations approach multi-year highs.

EQUITIES

US