River & Mercantile has decided to close its £3m UK Equity vehicle to retail investors due to a lack of demand.
ON EMERGING MARKETS
PIMCO's co-CIO Bill Gross has hit out at US policymakers for introducing "devilish policy tools" to rebalance US debt, effectively "robbing savers."
The US will see sub-par economic growth over the next few years, says Invesco Perpetual's Andrew Shard, as the government begin to tackle the deficit problem.
Fidelity's veteran manager Anthony Bolton has hit back at Aberdeen's head of equities Hugh Young, who says he is struggling to find quality, well-run companies on the Chinese mainland.
Thames River's multi-managers have been cutting exposure to ‘bubbly' Asia in favour of Europe as they tidy up the portfolios inherited from F&C.