News

The Prusik Asian Equity Income fund has reached $50m in size and its first share class is closing to new investment.

The number of complaints related to advising, selling and arranging rocketed from 647,000 in the first half of last year to almost 1.1 million in the second half, according to figures released by the FSA today.

GRIPES

The UK economy shrank more than previously feared in the final quarter of last year, the latest official figures have revealed.

The Queen's Diamond Jubilee celebrations will cause the economy to contract between April and June, the Bank of England's Mervyn King has warned.

They have had a rocky ride, but ultimately investors with nerves of steel who backed the UK's biggest commodity stocks over the last ten years would have been rewarded for their patience.

Claims management firms are being investigated by the Ministry of Justice after a surge in bogus compensation claims filed for consumers who were mis-sold personal protection insurance (PPI).

Markets in Asia tumbled overnight, with China's domestic market selling off sharply, amid ongoing concerns over the recovery in the west.

Government body UK Financial Investments is in talks to sell £10bn worth of RBS shares to a consortium of investors led by Sheikh Mansour, the owner of Manchester City Football Club, according to reports.

Tom McGrath and Ian Willings of Apollo Multi Asset Management outline five unknown and unloved alternative ideas to make money against a tough market backdrop.