Imagine you are a political leader tasked with solving the global economic and financial crisis. You are made aware of the severity of the systemic calamity at hand and told that time is short. What do you do?
Threadneedle has launched a SICAV version of the $1.5bn US Contrarian Core fund run by sister company Columbia Management.
THE AGE OF EQUITIES IS OVER
Legg Mason is expanding its retail range for UK investors with the launch of a US equity income fund, previously only available to US investors and run by New York-based subsidiary ClearBridge Advisors.
Risk is a hot topic at the moment. The turmoil on the stock exchange has seen a big increase in market risk while Standard and Poor's has lowered their opinion of the US's credit risk.
Floundering economic growth and political stalemate have rocked investors in the IMA North America sector
US hedge fund giants looked to technology stocks in the second quarter but some big names have been left nursing heavy losses after moving back into US financials ahead of the market crash.