UK

America's wave of new financial regulation is likely to prompt the country's biggest financial institutions to break themselves up, according to the chairman of the Federal Reserve.

F&C multi-manager Paul Carne and analyst Catherine Sauer are to join Thames River by the end of the year, with Carne heading up the Lifestyle fund range when it migrates across.

The managers of the £80m Waverton UK fund have begun using call options after shunning the instruments during the rallying markets of 2009.

Clavis Walden is sticking with its plans to launch one of the UK's first property authorised investment funds (Paif), despite delaying it for eight months.

David Einhorn, the US hedge fund manager who publicly questioned the health of Lehman Brothers before its collapse, has offloaded the majority of his stake in F&C.

The Bank of England has focused too much on avoiding deflation at the expense of countering declining real incomes, according to Cazenove.

A cooling global economy and an impending austerity squeeze in Britain will make the Bank of England (BoE) wait well into next year before hiking interest rates, a poll of 60 economists suggests.

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