Equities

JO Hambro Capital Management has acquired a Singapore-based boutique with the view to launch two Asian equity retail funds by late September, subject to regulatory approval.

PIMCO's Bill Gross has urged investors to focus on emerging market debt and shun US government bonds amid low rates and rising inflation which have left treasuries looking "overvalued for decades".

Allianz's Michael Konstantinov is reversing the bias towards Russia and energy stocks he introduced in November last year to shift back into China, Brazil and India.

Artemis' Jacob de Tusch-Lec has sold down positions in the US and increased his weighting to emerging market stocks after the US' leading index hit a three-year high.

The US stock market could correct by up to 10% in the summer, according to Tom Walker, manager of the £707m Martin Currie North American fund.

The True Finns party has just won a stronger position in Finnish politics. This has a wider significance, because their platform includes refusing to join in any EU-wide bailout of Portugal.

The price of gold soared yesterday to hit a new record before falling back following the death of the world's most wanted man, Osama Bin Laden.

Western's EMD specialist talks about his approach to investing in nascent markets

ON S&P'S DOWNGRADE OF JAPAN

Gervais William's first launch through MAM Funds in his new role as managing director has met its capital raising target of £50m.