News

Castlestone Management has launched a gold and precious metals equities fund for CEO Angus Murray.

Global markets were buoyant today as fears eased over the possibility of a nuclear meltdown in Japan.

Gartmore shareholders have voted overwhelmingly in favour of the group's takeover by Henderson Global Investors, with almost 99% of voters approving the proposals.

Ex-Gartmore head of multi-manager Bambos Hambi has joined Standard Life Investments as head of fund of funds management.

Schroders is merging its underperforming £54.1m European fund with its £261.3m Institutional European portfolio.

Warren Buffett is eyeing businesses and large-cap shares in South Korea to tap into the country's growth, Bloomberg reports.

Investors in Japan should look beyond the short-term impact of the crisis as the country will recover quickly due to its large foreign reserves, says Mark Mobius.

Japan could need up to five years to recover from up to $235bn (£145bn) worth of damage from the Tohoku earthquake, according to a World Bank.

Global markets have been boosted by news of a ceasefire in Libya, rising oil prices and intervention by the G7 nations to suppress the value of the yen.

Intervention by the G7 and Bank of Japan to stabilise the yen following the Japanese earthquake means the easy money had now been made trading the yen, says Insight's Dale Thomas.