News

Apollo Multi-Asset co-founder Tom McGrath has been cutting risk assets from his portfolios in expectation of more pain to come in the stricken eurozone.

Standard Life Investments' UK income manager Karen Robertson has been boosting exposure to lower yielding sectors of the market, in the expectation they will provide faster rates of dividend growth.

Outgoing Financial Services Authority (FSA) chief Hector Sants has claimed the run on Northern Rock could have been avoided if the central bank had taken on board his recommendations.

Barclays' chief executive officer, Bob Diamond, described the underpinnings of the European economy as ‘very very strong' and said he is confident the euro region will survive.

CHINA

F&C Investments said its decision to launch a US investment trust instead of an open-ended fund has been largely driven by the vehicles' capability to retain a fixed pool of assets.

Jamie Dimon, the CEO of JPMorgan, will today admit London-based traders who cost the bank more than $2bn this year "did not have a requisite understanding of the risks they took".

The UK narrowly escaped a double-dip recession by posting slight growth in the second quarter of the year, according to the latest monthly GDP estimate from NIESR.

Fidelity's legendary fund manager Anthony Bolton has admitted his China Special Situations trust is 'not where I had hoped to be' after the NAV fell 18.5% for the year ended 31 March 2012.

Spanish and Italian bond yields have continued to race ahead following the European Union's bailout of the troubled economy's banking system.