News

Brent crude fell back sharply towards $100 overnight as the Libyan uprising moved closer to its conclusion.

Dramatic stock market movements and disappointing economic data have caused leading economists to downgrade their growth forecasts, but they are still not predicting a recession, the FT reports.

Investec has launched an African bond fund for co-heads of fixed income John Stopford and South Africa-based Andre Roux.

The last few weeks have seen unprecedented market volatility as investors take fright at the ongoing debt crisis in the eurozone and a series of weak economic data from the US.

‘Comforting' economic fundamentals and cheap valuations spur Emerging Markets manager to increase China weighting.

The gilt market is becoming like the tech sector in 2000 as investors pile into UK government debt, warned Schroders' Adam Cordery.

Standard Life Investments' Jonathan Gibbs has closed short positions in Italian and Spanish government debt following intervention from the European authorities.

US hedge fund giants looked to technology stocks in the second quarter but some big names have been left nursing heavy losses after moving back into US financials ahead of the market crash.

Tim Steer, manager of the £320m Artemis UK Growth fund, has labelled the takeover of Autonomy by Hewlett Packard as expensive after the US giant offered to pay a premium of about 75% for the firm.

Walker Crips managers Steve Bailey and Jan Luthman have cut exposure to gold ETFs by 20% deeming it a ‘crowded trade'.