Schroders has promoted Karl Dasher to head of North America, replacing Jamie Dorrien-Smith who is retiring in July after 19 years of service at the firm.
US fund managers who avoided technology giant Apple in the final quarter of last year have raced to the top of the IMA North America sector after the company endured a fierce sell-off.
Warren Buffett's Berkshire Hathaway has agreed to buy Heinz for $23bn, a 20% premium to yesterday's closing share price.
Henderson has hired a team of US credit specialists with a view to building out its offshore US product range.
Bill Gross, manager of the world's largest bond fund, has compared the US economy to a supernova on the path to extinction as it has become too reliant on credit and real growth is being eroded.
Apple shares have fallen 12% at the start of US trading as investors took flight after the world's largest company reported weaker-than-expected iPhone sales.
President Barack Obama signed into law the ‘fiscal cliff' bill on Wednesday 2 January 2013 designed to prevent the country rolling out sharp spending cuts and sweeping tax rises.