Europe

Portugal's caretaker prime minister Jose Socrates has announced he has reached agreement on a bail-out from the EU and the International Monetary Fund.

Head of European high yield at Aberdeen believes low interest rate climate makes income from high-yield bonds more attractive to investors

ON EUROPE

Mark Page has quit LVAM handing the £227m LV= European ex-UK Growth fund to Richard Falle until a new hire is made.

IS THE US THE BEST PLACE TO INVEST?

David Jane is preparing to roll out the first offering from his new boutique, Darwin Investment Managers, and is making plans for a second absolute-return focused product later this year.

Daniel McKernan, lead manager of SWIP's £174m European Corporate Bond fund, is buying into ‘unloved' asset backed securities (ABS) to exploit cheap valuations.

Threadneedle's Dan Ison has backed the eurozone to continue to recover after adding 5.5% to European bank stocks in his £69m Pan European Accelerando fund.

RAB Capital has been emblematic of the many trials of hedge funds during the financial crisis.

ECB RATE HIKE