News

Threadneedle's Vanessa Donegan has stepped down from her position as co-manager of the £130m Global Emerging Markets Equity fund, handing it to recent hire Irina Miklavchich.

Henderson's head of pan-european equities Stephen Peak has stepped down as lead manager of the £280m TR European Growth trust.

Crispin Odey, the founder of Odey Asset Management, is buying UK banks in the view increased capital requirements will boost profit margins.

A third round of quantitative easing in the US would lead to the collapse of the dollar, M&G's Jim Leaviss has warned.

Giles Hargreave, chairman of Hargreave Hale and manager of Marlborough's £372m Special Situations fund, has positioned his portfolio to be heavily exposed to UK-listed companies trading internationally.

The FTSE 100 rose at opening today after a boost from US markets which closed higher on Monday.

S&P has downgraded Greece's credit rating by two notches on default fears, while Moody's and Fitch are also preparing to cut its further, according to reports.

Silver futures have recovered from the worst weekly drop since 1975, gaining 4.4% Monday to reach $37 an ounce.

Royal London Asset Management has launched a UK Ethical Equity fund for manager Bradley Mitchell.

Octopus Investments has hired Simon Reynolds, an analyst working at AXA subsidiary Ipac, as a member of its multi-manager team.