Multi-asset

ON ASSET ALLOCATION

Neptune's head of US equities Felix Wintle has boosted the energy position in his £667m US Opportunities fund from underweight to overweight since the end of last year.

Mark Harris and Craig Heron have left Henderson following a shake-up of its multi-manager range.

Thames River's multi-managers have been cutting exposure to ‘bubbly' Asia in favour of Europe as they tidy up the portfolios inherited from F&C.

BNY Mellon Asset Management has launched an absolute return equity fund, the first in its range to be managed by Insight Investment Management.

The Royal Bank of Scotland (RBS) is making its first foray into retail fund management with the launch of cautious managed and balanced managed portfolios.

ON ASSET ALLOCATION

BP's three Russian billionaire partners have filed for an injunction in London to stop the British company jumping into bed with their Kremlin-backed rival Rosneft, the Telegraph reports.

Standard & Poor's has downgraded Japan's sovereign debt rating to AA- from AA as the group expects the country's fiscal deficit to remain high in the next few years.

The Dow Jones broke through the 12,000 level for the first time since June 2008 on Wednesday, following calls for a cut in corporate taxes and a unanimous vote by policymakers to maintain a $600bn bond-buying plan.