News

GAM has launched a UCITS III version of its fund of hedge funds, GAM Trading, aimed at retail investors.

Investec Asset Management's Alastair Mundy is running the highest cash weighting for a decade in his £1.8bn Investec Cautious Managed fund.

Richard Howarth is poised to increase the gross exposure of the Absolute Insight UK Equity Market Neutral fund following a drop in volatility across markets.

GDP figures for Q4 2010 have been revised up to 3.1% from the 2.8% forecast last month, helped by a rise in consumer spending and businesses restocking their inventories.

Thames River Capital has launched an Absolute Return Global High Yield bond fund for Stephen Drew and Mehrdad Noorani.

Walker Crips managers Steve Bailey and Jan Luthman have re-introduced Barclays to their portfolios for the first time in nearly four years.

Credit rating agency Standard & Poor's has downgraded Portugal for the second time, on the basis it may be unable to repay its debt, the Financial Times reports.

Oil major BP shares have dived this morning after its planned tie-up with Russian state-owned oil giant Rosneft was blocked by the courts.

The FTSE 100 continued its rally this morning off the back of a strong showing in the US where better than expected earning pushed the S&P 500 through the 1,300 point barrier.

European leaders have agreed on a revised bailout package, creating a permanent fund to resolve the debt crisis in the eurozone.