News

John Paulson, the billionaire hedge fund manager, is reported to have pared losses in August after a difficult year for his strategy.

Principal Global Investors has unveiled a US income product to be managed by its US-based affiliate Edge Asset Management.

The Bank of England's chief economist Spencer Dale has warned printing more money "might do more harm than good" and could cause harm for the future.

Glencore has revised the terms of its proposed merger with Xstrata again, following a backlash from shareholders on Friday over the terms of the deal.

Swiss & Global has launched an emerging markets corporate bond fund to complement its existing fund range.

The Skandia label could disappear in the UK as part of an overhaul by parent Old Mutual, which is rebranding its merged asset management businesses as Old Mutual Global Investors.

Baring Asset Management is to launch a China Bond fund providing investors with exposure to the country's previously restricted fixed interest markets, as demand for new ways to play the Chinese growth story continues to build.

George Soros has urged Germany to "lead or leave the euro" just days before a key ruling on the eurozone's bailout fund by Germany's constitutional court.

Liontrust Asset Management has closed its Dublin-domiciled Emerging Markets Opportunities fund and fund managers Eoghan Flanagan and James Mellersh are set to leave the firm.

Schroders' Richard Buxton has said he is still "not enthused" by Glencore's revised offer for Xstrata as the miner requests clarification over the latest twist in the takeover.