News

Stirling Mortimer, the offshore property fund caught up in a dispute over €9.8m of cash which went missing from one of its cell funds, has agreed an out of court settlement to end an upcoming legal battle.

Greece has fallen out of a list of the top ten riskiest sovereign credits after restructuring its debt, but a number of other sovereigns are still at risk, new research has revealed.

Japan has agreed to loan the International Monetary Fund (IMF) $60bn after repeated calls from the organisation for additional funds to help it tackle the eurozone crisis.

India's central bank has cut interest rates for the first time in three years in an attempt to boost growth.

Very few emerging market debt funds have performed consistently over the long term as managers fail to adapt to changing market conditions, according to Fitch Ratings.

The chief executive of Arch Financial Products (AFP) has hit out at Capita after the board it appointed to administer the Arch Cru cells hit him with a £26.6m lawsuit.

Worries over the health of sovereign nations in Europe - and in particular Spain - have pushed bond yields sharply higher during trading today, while equity markets are clinging on to gains following a strong start.

The IMA sector committee carrying out the review into the Absolute Return sector is divided over whether to change the sector's name, Investment Week understands.

Over the past two decades the FTSE All Share has beaten the majority of funds in the IMA UK All Companies sector, adding weight to the view the funds industry is in dire need of consolidation ahead of RDR.

Kestrel has launched a global multi-asset fund for chief executive and fund manager John Ricciardi, assisted by Max Royle.