News

Daniel Tubbs, manager of the $1.1bn BGF Emerging Markets fund, has left the group to pursue other opportunities.

US stocks saw their worst day so far in 2012 yesterday as Greek debt swap concerns and fears over global growth put pressure on markets.

Jupiter Fund Management saw pre-tax profits jump in 2011 despite a fall in AUM, and has hiked its dividend by 13%.

Financier Allen Stanford faces up to 20 years in prison after being found guilty of orchestrating a $7bn Ponzi scheme.

M&G bond manager Mike Riddell and his team have taken exposure to global index-linked bonds to their highest ever levels in the view inflation risks have not been priced into the market.

Lehman Brothers has emerged from bankruptcy and is now a liquidating company that will begin the process of paying back its creditors and investors before finally being wound up.

Skandia Investment Group (SIG) has overhauled the management of its offshore $363m Skandia Greater China Equity fund, handing the mandate from First State to institutional asset manager MIR Investment Management.

Fears about slowing global growth forced markets sharply lower on Tuesday, with the FTSE 100 and indices across Europe tumbling.

UK regulators and global banks are discussing an overhaul of interbank lending rates amid a probe into alleged manipulation of the benchmark.

A 'disorderly' default in Greece could cause more than €1trn (£833bn) damage to the eurozone, a confidential report has warned.