Markets

Ruffer's Steve Russell and Hamish Baillie are holding 14% of their investment trust portfolio in cash as they remain cautious over the short-term outlook.

Janet Yellen will be nominated as the first female Federal Reserve chairman later today, in a ceremony attended by Barack Obama and current chair Ben Bernanke.

Fidelity Worldwide Investment's Tom Stevenson has moved over to the group's personal investing business to help develop the group's direct to consumer offering.

The International Monetary Fund has upgraded its forecast for the UK economy this year, despite downgrading its global outlook.

David North, Legal & General Investment Management's former head of asset allocation and high yield, is set to return to the fund management industry.

There were signs of tentative progress on the US fiscal deadlock yesterday as President Obama indicated he would accept a short-term increase in the nation's borrowing authority to avert a default.

Brewin Dolphin group head of research Matthew Butcher has left the group after nine years, Investment Week understands.

Business volumes in the investment management sector were broadly flat in the three months to September, with growth expectations for the next quarter the weakest since 2011, according to PwC.

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