News

Leading fund managers are divided over whether investors should participate in equity markets if central banks across Europe provide a further round of stimulus.

Leading asset managers are calling for drastic changes to the way the IMA operates, with some arguing the trade body should no longer be responsible for sector names or definitions.

Credit Suisse has put boutique JO Hambro Investment Management (JOHIM) up for sale, according to reports.

MAM Funds is set to move four of its portfolios, including Martin Gray's £784m Special Situations fund, into different IMA sectors which better suit their investment mandates.

J.P. Morgan Chase's CIO unit - the arm at the centre of a $2bn trading loss - has more than $100bn invested in asset-backed securities and structured products, according to reports.

The FTSE 100 entered correction territory this morning after falling more than 10% since March.

GAM's China star manager Mansfield Mok is set to leave the firm to join Swiss private bank and asset manager EFG Asset Management (EFGAM).

European equity markets have extended this week's losses at the open on Friday, after US stocks closed lower overnight, dragged down by the ongoing Greek crisis.

Facebook became one of the 25 largest companies in the US overnight after pricing its initial public offering (IPO) at $38.

Equity market sentiment is still too positive to represent a real buying signal for investors, who would be better served by holding back their cash for now, boutique RMG Wealth has said.