News

PSigma's James Abate is set to use a GDP-focused benchmark in his new Global Equity fund, which launches on 17 June.

Bids to have lunch with Warren Buffett have topped $1.5m (£916,000).

Buyout vehicle Resolution expects to have £500m of excess cash to return to shareholders over the next 12 months after completing its review of new proposition Friends Life.

US Treasury secretary Tim Geithner yesterday panned the UK's "light touch" regulation in the build up to the financial crisis.

Fidelity has proposed new names for the IMA Managed sectors based around their total exposure to 'risk assets' not just equities.

The International Monetary Fund (IMF) has warned UK inflation will remain above 4% for most of this year because of external factors.

Barclays Wealth has added two long-short funds into the intermediary market, linked to the performance of the FTSE 100.

Dalton Strategic Partners has soft-closed its Melchior Selected Trust European Absolute Return fund at $500m.

Net retail sales of funds dropped by £100m year on year in April, the Investment Management Association (IMA) has revealed.

HSBC Global Asset Management has launched two emerging market bond funds investing in Latin American and Asian fixed income, for managers Octavio Ferreira, Cecilia Chan and Alfred Mui.