UK

WHEN SHOULD INTEREST RATES GO UP?

Hedge fund guru George Soros has bought a 3.5% stake in boutique MAM Funds through his company Quantum Partners.

Rathbones saw an increase in assets under management to £15bn in the year to December 2010, but profits were hit by a £3.6m FSCS levy.

Sterling fell against the dollar and the euro after the Bank of England downgraded its economic growth forecast for 2011.

Ben Lord, co-manager of the M&G UK Inflation Linked Corporate Bond fund discusses this week's inflation figures and the impact of interest rate hikes.

The Dow Jones is trading in the red after lower than expected US retail sales figures weighed on investor sentiment.

RWC Partners' income managers are holding a 15% cash position in anticipation of a pull-back in equity markets.

Fidelity's Sanjeev Shah has reduced his weighting to overseas equities in the £3bn Special Situations fund in favour of domestic large caps.

JO Hambro Capital Management has soft-closed its UK Equity Income fund after it reached its £750m cap.

CONTRARIAN INVESTOR