News

European indices have opened trading in the red, reversing some of last week's gains, as investors take profits ahead of a crucial week for of UK data.

BUDGET 2012

Giant bond fund PIMCO warned Europe has not got its debt crisis under control and will soon face a "second Greece" in Portugal.

Alliance Trust Investments is gauging interest in a bond-focused, split-cap investment trust for its head of fixed income Rod Davidson.

Retail investors should avoid funds which carry a performance fee as they are more suitable for institutional investors, Fidelity's Gary Shaughnessy has argued.

100-YEAR GILTS

Eurozone finance ministers could potentially raise the combined lending power of its bailout funds from €500bn to near €700bn.

Boutique asset manager Polar Capital is launching a European absolute return fund.

Dutch insurer Achmea is in the process of selling its 9.6% stake in F&C Asset Management, equivalent to some 51 million shares.

Jerry Devlin, former head of sales at Barings and liquidated firm Castlestone, has joined Macquarie.