Commodities

BlackRock and Fidelity are both backing commodities giant Glencore's IPO, according to reports.

Legg Mason's US equity veteran Bill Miller said US large caps have become "an empty stadium" as investors flock to the "overvalued" commodities sector.

The oil price fell by as much as $3.25 a barrel on Tuesday after the world's biggest commodity trader called the top of the market for crude and a range of other commodities.

RAB Capital says it "made mistakes" in the run up to the financial crisis as it reveals the majority of investors will exit its Special Situations fund when it reopens after a three-year suspension.

Hedge fund house RAB Capital is set to launch two UCITS III funds focusing on the commodities sector.

The risks descending from political unrest in the MENA region may exceed investors' expectations and cause further 'market setbacks', warns SVM's Colin Mclean.

Castlestone Management has launched a gold and precious metals equities fund for CEO Angus Murray.

The Japan crisis will trigger a global commodity boom as it requires more raw materials to rebuild its decimated infrastructure, says HSBC's chief economist Stephen King.

Contagion risk has heightened as a result of rising food price inflation, which could lead to political unrest in the Middle East spreading to other areas, warns veteran investor Jim Rogers.

Asian central banks are expected to raise interest rates this week to combat the soaring price of oil.