News

Cheyne Capital's European hedge fund manager Moni Sternbach has joined GLG to work on a new mid-cap long/short strategy set to be launched later this quarter.

The FTSE 100 has dropped 2.5% this afternoon as worse-than-expected US retail sales data darkened investors' moods further this afternoon.

The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery.

The sharp fall in the UK inflation rate is not cause for concern, Chancellor George Osborne will say in a speech later today.

HSBC Private Bank's Roberto Islas has joined Bordier to lead its new international desk.

Aberdeen Asset Management's head of North American equities Paul Atkinson will be leaving the firm at the end of June.

Jupiter Fund Management saw a net outflow in Q4 following the loss of a segregated mandate and closure of its Split Capital trust.

Figures released this morning by the Office for National Statistics showed UK CPI inflation fell to a surprise 0.5% in December, the lowest level since May 2000. We round up the reaction from leading investors and economists.

Global growth managers predict the rally in airlines can continue into 2015 and beyond as a falling oil price provides a new fillip for the sector.

Bill Gross has revealed for the first time that his departure from PIMCO last year was not voluntary.