Multi-asset

The government has once again rejected a call to arrange an independent inquiry into the collapse of the Arch Cru funds.

ON AA

Increasing tensions between the West and Iran have helped push Brent crude to an eight-month high of $121 a barrel, leaving many concerned over the longer-term impact.

Invesco Perpetual is bringing a range of multi-asset, risk-rated funds to the UK run by its Atlanta-based global asset allocation team headed by CIO Scott Wolle.

Demand for gold ETFs fell to a seven-year low in 2011 even as overall investment demand for gold hit a 14-year high, according to the World Gold Council.

Hedge fund billionaire John Paulson sold out of Bank of America and Citigroup in the fourth quarter of 2011, missing the sharp rally enjoyed by bank shares year-to-date.

WHAT 'GLENSTRATA' MERGER MEANS

Gerardine Davies, former director of property at Aegon Asset Management, has joined BNP Paribas Real Estate as head of UK investment management.

Henderson Global Investors has proposed moving Paul Craig's Diversified Absolute Return fund into the newly created IMA Mixed Investment 0-35% shares sector, while bringing in Bill McQuaker as co-manager.

The company that controls the Empire State Building has revealed plans to raise as much as $1bn in an initial public offering, and become a real estate investment trust.