JP Morgan

PASSIVES

Principal Investment Management's latest income study urges investors to switch out of Robin Geffen's £1bn Neptune Income fund, warning its global growth emphasis is likely to disappoint this year.

Stephen Peters, investment trust analyst at Charles Stanley, investigates some of the top performing American trusts

J.P. Morgan and Source have launched a macro hedge ETF, allowing investors to gain long-term exposure to volatility.

Global equity fund managers have been too hesitant in moving to capture the US equity rally, Artemis Global Select manager Simon Edelsten has said.

ITs

The Financial Services Authority (FSA) has fined a former compliance officer at David Einhorn's Greenlight Capital and a trader at JP Morgan Cazenove for insider trading and market abuse.

J.P. Morgan's chief executive Jamie Dimon has admitted the bank discussed pulling out of the eurozone's most troubled spots, but decided to stay for the long term, mainly for social reasons.

The decision by Standard and Poor's to strip France of its prized AAA-rating came as no surprise to a number of fund managers.

Dexion Capital has poached Tom Skinner from JP Morgan Cazenove to head up its research division.