Multi-asset

While the IMA considers how to rename the Managed sectors, Cautious mandates storm ahead of peers over testing three years.

ON ASSET ALLOCATION

Anthony Bolton, veteran investor and manager of Fidelity's £635m China Special Situations investment trust, has tipped the long-running bull market in gold to continue amid ongoing economic woes across the globe.

Asset flows in the Absolute Return sector hold firm despite period of lacklustre performance and high correlation between asset classes

The oil price fell by $6 after the International Energy Agency (IEA) said it would make available an extra 60m barrels.

Vanguard has launched the LifeStrategy range, a suite of five fund of index funds with low annual management charges.

Clive Burstow, a former analyst at Cazenove, has rejoined the group to work on its Global Resources fund.

Transocean, the owner of the Deepwater Horizon rig at the centre of last year's Gulf of Mexico oil spill, has blamed BP, as operator of the well, for decisions it said led to the fatal disaster.

Paulson fund loses $500m on Sino stake Veteran hedge fund investor John Paulson has lost $500m through selling his entire holding in Sino Forest, a Chinese forestry company fighting fraud allegations, the FT reports.

Nathaniel Rothschild, the financier, has confirmed his position as one of the most powerful brokers in the country after smashing the fund raising target for his new venture.