News

Neptune CEO Robin Geffen has hit back at Principal's latest income study after it recommended investors ditch his £1bn Neptune Income fund.

The UK's prized triple-A credit rating was under threat last night after US ratings agency Moody's put it on negative outlook, citing pressures from the eurozone.

PSigma's Bill Mott has warned earnings growth forecasts for UK companies are far too high, while equity markets have reached a peak and are set for a correction.

Top managers spy high yield opportunities as European Central Bank's liquidity injections transform banks' refinancing operations.

Net retail sales of tracker funds hit a record high of £1.9bn last year, up some £200m on 2010, according to the Investment Management Association (IMA).

The company that controls the Empire State Building has revealed plans to raise as much as $1bn in an initial public offering, and become a real estate investment trust.

GLG has soft closed Stephen Harker's £1.1bn Japan CoreAlpha fund and the offshore version for a temporary period because of liquidity concerns in the Japanese market.

Schroders is launching an Asian smaller companies fund for its top performing manager Matthew Dobbs, which will invest in companies across Asia and the emerging markets.

Allianz Global Investors has announced plans to make its Income and Growth fund available to UK investors through the launch of a sterling hedged share class at the end of the first quarter.

Global markets have opened firmly in the black, with sentiment boosted after Greece's parliament voted to approve a new round of austerity measures.