Equities

Threadneedle's Dave Dudding has stepped down from his £1.1bn European Smaller Companies fund in order to take over one of the group's global mandates.

Fund manager Gervais Williams has written to the IFA community following his comments made in a Sunday Times interview last month, in which he labelled financial advice 'expensive'.

F&C Asset Management has appointed the head of its institutional business, Richard Wilson, as its new chief executive.

Renaissance Asset Managers (RAM) is to launch a Global Emerging Market Yield fund for its newest recruit, Michael Kollo.

Prusik has soft-closed the class 2 shares of its Asian Equity Income fund and hard closed the class 1 shares as it restricts capacity to preserve performance.

US Treasury Secretary Timothy Geithner has sounded a warning over the very real possibility of the US government failing to reach a deal on the fiscal cliff.

Argonaut's Barry Norris has said he will never invest in a gold stock again, after selling out of his stake in Swedish-listed company Nordic Mines at a 75% loss.

James Harries, the manager of the £3bn Newton Global Higher Income fund, is set to overhaul his portfolio as he changes tack on a variety of sectors.

CHINA

Royal London Asset Management's Derek Mitchell (pictured) looks at what is driving global stocks, and asks if macro events are combining to create 'the perfect storm' in markets.