News

F&C Asset Management saw net flows into its products turn positive in the first six months of the year, but faced a £10m payout for a lost legal dispute with the founders of its fund of hedge funds arm.

GLG Partners is to close three of its bond funds after manager Gareth Isaac was poached by rival Schroders.

The National Institute of Economic and Social Research (NIESR) has forecast UK GDP will begin to pick up during the next two quarters but will not reach the government's 1.7% target.

Tom Walker, the manager of the Martin Currie £677m North American fund, said investors concerned about the US debt crisis should look to technology as one of the least exposed sectors to political risk.

Spanish and Italian government borrowing costs have hit eurozone-era highs as investors continue to worry over the state of their respective economies.

Henderson Global Investors' Nick Cowley, co-manager of the $210m Horizon American Equity fund, explains why the US market is continuing to sell off despite Congress reaching a deal to raise the nation's debt ceiling.

The Dow Jones is on course for its eighth consecutive day of losses following weak consumer spending figures.

Fund Management Group (FMG) has unveiled the Rising 6 fund, investing in Africa, Brazil, China, India, the Middle East and Russia for UK investors.

Yields on the 10-year gilt have fallen to an all-time low below 2.77% as recessionary fears resurface across the globe.

Hargreaves Lansdown said the FSA's proposed rule changes to platforms will have "no material impact" on its business as its shares fell sharply in early trading.