News

The IMA has called upon the European Commission and the US Treasury to abandon proposals which will force fund managers to comply with derivative rulings from different jurisdictions depending on their investor base.

The Serious Fraud Office (SFO) has launched a high level review of the potential dangers posed by ETFs, weeks after the FSA and Bank of England expressed their own concerns.

The Chinese government has raised interest rates for the fifth time since October, despite concerns tightening measures are dampening economic growth.

JP Morgan has launched a global equity absolute return fund for ex-Schroders manager Gary Clarke.

Standard Life Investments' £8bn Global Absolute Return Strategies (GARS) Fund has initiated new pair trades for the third quarter in expectation of euro weakness, higher Eurozone inflation and resilient commodity prices.

Nick Griffiths, co-head of interest rates and global portfolios at Aberdeen, has been poached by Legal & General Investment Management.

The FTSE 100 fell below the 6,000 level in mid-morning trading as European markets absorbed Moody's downgrade of Portuguese debt to 'junk' status.

Conservative peer Howard Flight, joint founder of Guinness Flight alongside Tim Guinness, has joined the board of the Aurora Investment trust.

Moody's has downgraded Portuguese debt to 'junk' status on fears it will need a second bail out just months after it received €78bn.

Former chairman of the Investment Management Association (IMA) and previous chief executive of F&C Asset Management Robert Jenkins has been appointed as an external member of the interim Financial Policy Committee (FPC).