News

Australian, Norwegian and Canadian government bonds are the new safe haven for bond investors, Ariel Bezalel, manager of Jupiter's £418m Strategic Bond fund, has said.

US markets reversed falls on Monday after a period of consecutive weak sessions fuelled by concerns over the end of quantitative easing.

M&G Investments has written to clients to confirm its plan to merge its £208m Income fund into Alex Odd's Dividend portfolio.

Castlestone has lost its second fund manager in a month with the departure of Bradley Yim, who is involved in a legal dispute with the group.

Former Gartmore emerging market manager Anthony Cheung has joined Pictet Asset Management to work on the group's Asia total return portfolios.

Shares in Barclays and its peers moved higher in early trading despite the bank's move to settle PPI claims.

The contest to lead the IMF has been thrown open after surprise candidate Stanley Fisher came forward to challenge Christine Lagarde and Agustin Carstens.

Man Group has hired ex-Gartmore employee Warren Shiels as director of its UK retail business.

Bank of England governor Mervyn King has been knighted for his role in steering the UK through the financial crisis.

Multi-managers at OPM Fund Management are targeting funds in emerging markets and energy sectors in the recently-launched Worldwide Opportunities fund.