Equities

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.

The eyes of the world's investors will be on the European financial markets this morning after a day in which eurozone debt fears saw the FTSE suffer its heaviest one-day fall in two months.

Simon Lue-Fong, head of global emerging debt at Pictet Asset Management, believes the asset class will outperform this year, driven by strong local currency appreciation.

Castlestone Management is looking to expand its range of equity mandates with the launch of a specialist frontier emerging markets fund, as well as a UCITS version of its Next 11 fund.

Jupiter financials manager Guy de Blonay warns of challenging summer ahead for financials as markets digest macroeconomic worries