Investors have accused the Federal Reserve of ‘fiddling while Rome burns' after its latest attempt to support the US economy was followed by a brutal market sell-off.
Jupiter European Special Situations manager slashed exposure to ‘one-way bet'
Fears over liquidity and sovereign debt contagion mean the threat of nationalisation has spread to leading players in Europe's banking sector.
Jupiter's Guy de Blonay said markets may have to plunge a further 15% before "complacent" policymakers look to more QE.
Jupiter is proposing to launch its planned I share classes - targeted at wealth managers - across its unit trust range later this month.
Fidelity's Ian Spreadbury and Jupiter's John Chatfeild-Roberts were named joint winners of Outstanding Fund Manager award at this year's OBSR Awards, held last night in London.
Jupiter has revealed pre-tax profits more than doubled in the first six months of 2011 as AUM stood firm in the face of choppy markets.
Major companies favoured by leading European fund managers are facing severe price pressures as the global flight to safety propelled the Swiss franc to new heights today.
Jupiter CIO John Chatfeild-Roberts has urged investors to remain calm in the face of global market turmoil, adding he sees it as a buying opportunity, particularly for S&P 500 names.
Jupiter's Guy de Blonay has called for European authorities to take further action in supporting markets or the sovereign debt crisis will spread to other eurozone economies.