Equities

ON NORTH AMERICA

The head of the Eurogroup sent the single currency tumbling yesterday after he issued a warning to Greece that it may not be bailed out again if it gets into further difficulty.

RLAM European Growth manager shuns defensives and piles into banks with eurozone issues ‘already in the price'.

CQS was the most recent asset manager to give its London client conference the theme of ‘uncertainty' - around the global economy and asset classes - but it will not be the last.

TECH BUBBLE TAKE-TWO?

The US economy grew at a worse than expected 1.8% in the first quarter, unchanged from April's first reading, the US Commerce Department has confirmed.

Rajeev De Mello is leaving his role as Asian bond manager at Western Asset, Legg Mason's fixed income subsidiary, on 10 June.

Suresh Sadasivan has joined Legal & General Investment Management (LGIM) as head of Asian equities, replacing David Riddle who is retiring after 14 years in the role.

Man Group is planning to follow up the launch of its Nomura Global Trend fund with another vehicle run up by GLG, the fund manager it acquired last year.

The US Treasury is to sell part of its majority shareholding in failed insurer AIG.