Dalton Strategic Partnership's Peter Kaye is to join Fidelity to run its £1bn American fund, as current manager Aris Vatis leaves the group.
The year started off well for US investors as its major stock markets hit fresh highs in the first half.
Martin Currie's Tom Walker has bought back into US banks for the first time in three years on expectations the sector will return to pre-crisis norms.
US Treasury Secretary Timothy Geithner has sounded a warning over the very real possibility of the US government failing to reach a deal on the fiscal cliff.
Progress in the fiscal cliff talks being held in Washington has given Wall Street a lift as the threat of a possible recession is averted.
The US economy grew 2.7% in the third quarter of the year, a significant upwards revision from the first reading of the data.
Bob Doll has joined Nuveen Asset Management as chief equity strategist and senior portfolio manager in a surprise move following his retirement from BlackRock in the summer.