Multi-asset

The price for gold bullion, measured in fine troy ounces, is fixed twice a day in London to allow market users to trade gold at a single level.

David Harding, founder of hedge fund Winton Capital Management, has disclosed an annual tax bill of £34m and urged other higher rate taxpayers to pay their fair share.

The Financial Services Authority (FSA) has fined Swiss-based French hedge fund manager Stefan Chaligné £900,000 and handed out a lifetime ban for market abuse.

Jupiter's Merlin multi-manager team, led by CIO John Chatfeild-Roberts, have refused to rule out the possibility of a default by a nation in "the garlic belt" of Mediterranean countries.

Franklin Templeton Investments has bought a majority stake in hedge fund firm K2 Advisors Holdings (K2), expanding its alternative investments and multi-asset propositions.

MAM Funds' Martin Gray is eyeing developed market government bonds with a view to reinvesting in the asset class, after taking profits over the summer.

Sebastian Lyon has put more money behind unloved mining equities in his £2.2bn Trojan fund, after a prolonged period of underperformance from the sector.

Threadneedle has launched a multi-asset absolute return fund for new hire Toby Nangle who joined the group this year from Barings.

Jupiter chief investment officer John Chatfeild-Roberts has outlined the shape of his Merlin Conservative portfolio, which will launch later this month, marking the fifth edition to his £7bn strong fund of funds range.

Residential property fund manager Hearthstone Investments has been given a fresh £15m cash injection from Bovis, the FTSE 250-listed group.