Markets

WEALTH MANAGERS

GLOBAL

TOP TEN

Morgan Stanley has soft-closed its Global Brands fund to retail investors in a bid to preserve the performance of the top-performing portfolio.

Smaller companies and recovery stocks were highly featured in wealth managers' best performing funds of the year, much to the chagrin of those continuing to back defensive names.

Sports Direct investor Crispin Odey has labelled its founder Mike Ashley "a genius" and said he is fully behind a bonus scheme, which would see Ashley scoop a £39m payout.

The incoming Bank of England governor Mark Carney has sparked speculation he will push for the removal of the UK's CPI inflation target if the mediocre recovery in the UK takes another tumble, but is it a good plan?

The Queen has spoken about "lax" City workers and a banking regulator which "did not have the teeth" to intervene as she discussed the causes of the financial crisis during a visit to the Bank of England.

Standard & Poor's has become the third main credit rating agency to put the UK's AAA rating on "negative" watch.

After a strong year for most asset markets in 2012, many commentators are pointing to a much leaner year in 2013.