Multi-asset

F&C Asset Management saw net flows into its products turn positive in the first six months of the year, but faced a £10m payout for a lost legal dispute with the founders of its fund of hedge funds arm.

President Barack Obama has announced a deal to end the US debt crisis, which will raise the nation's debt ceiling by at least $2.1trn and cut the federal deficit by as much as $2.5trn over a decade.

ON ASSET ALLOCATION

J.P. Morgan has moved its £68m Multi-Asset Income fund from the IMA Specialist sector into Cautious Managed in the view the peer group better reflects its investment profile.

Q&A - US DEBT CRISIS

T1ps Investment Management (TIM) is set to launch the Elite t1ps India Fund, an equities-focused unit trust, on 1 August.

George Soros is set to retire from managing money for outside investors after almost 40 years running hedge funds.

Dalton Strategic Partnership has hired Goldman Sachs' Gaurav Pant to run an Indian Absolute Return fund.

FIVE OF THE BEST

Property fund managers are flocking to the central London office market in the expectation the capital will outperform other regions, as the UK property sector's recovery since the financial crisis begins to stabilise.