Warren Buffett's Berkshire Hathaway failed to beat the S&P 500's return last year, meaning it missed Buffett's target of beating the index over a five year period for the first time.
The FTSE 100 reached a 14-year high yesterday while the S&P 500 hit a new record level, lifted by M&A activity.
Legal & General has agreed to acquire US investment group Global Index Advisors in a $50m deal.
The Bank of England will not hike interest rates until well in to 2015 at the earliest, according to Hawksmoor Investment Management's head of research, Jim Wood-Smith.
Impending US employment data expected to show a further improvement in the country's economy sparked gains for equity indices around the globe overnight.
Preliminary figures released today show the US economy grew at an annual rate of 3.2% in the last quarter of 2013, in line with analysts' expectations.
J.P. Morgan Asset Management is to launch an onshore version of its Luxembourg-domiciled America Equity fund, making the OEIC available to UK investors from 31 January.
BNY Mellon Fund Managers is changing the name and investment remit of the BNY Mellon American fund, managed by its US subsidiary the Boston Company Asset Management.