Gold prices took a nose dive overnight as investors u-turned on risk assets ahead of an expected round of further stimulus in the US, leaving the price more than $160 lower.
Fidelity is to rename its top performing UK Opportunities fund to better reflect its investment policy.
Brent crude fell back sharply towards $100 overnight as the Libyan uprising moved closer to its conclusion.
US hedge fund giants looked to technology stocks in the second quarter but some big names have been left nursing heavy losses after moving back into US financials ahead of the market crash.
Walker Crips managers Steve Bailey and Jan Luthman have cut exposure to gold ETFs by 20% deeming it a ‘crowded trade'.
Newton's Iain Stewart puts one-fifth of Real Return portfolio in cash as volatility strikes.
Threadneedle is to alter its managed funds' investment policy by allowing managers to make more defensive plays and invest more heavily in its long/short offerings.
First State Global Property Securities fund returns seven times the peer group average as global focus pays dividends.