News

Walker Crips is seeking regulator and unitholder approval to convert its entire fund range from unit trusts into OEICs.

Marlborough's Giles Hargreave has been building up his cash positions as he expects one more major market sell-off, which will send the FTSE 100 down 10% to 4,700.

RWC Partners is to launch a hedge fund for Peter Allwright and Stuart Frost to replicate the strategy of the Macro Trading Crescendo fund they previously managed at Threadneedle.

The Swiss central bank's decision to cap the franc has split investors, with Investec's currency head Thanos Papasavvas backing the move while Jim Rogers called it a "huge mistake" that could completely debase the currency.

Artemis' James Foster expects Greece will exit the eurozone within six months - and possibly as soon as December - with Europe forced to act because the Greeks are unwilling to tackle the crisis.

Standard Life Investments' Harry Nimmo has admitted he made a "huge mistake" offloading his holding in Supergroup last month and is looking to buy back into the stock.

Fidelity is to launch an onshore version of Amit Lodha's $250m Global Real Asset Securities fund in response to investor demand for tangible assets.

Jupiter is proposing to launch its planned I share classes - targeted at wealth managers - across its unit trust range later this month.

Fitch Ratings has warned it may downgrade China's local currency debt rating within two years on fears over the state of the country's indebted banks.

Major European and US indices have dropped as the ECB revealed a key official was stepping down.