News

Investors in the top 10 hedge funds reaped returns of $28bn (£17.2bn) in the second half of last year alone, according to new data.

Emerging markets are facing an "unpleasant cocktail" of macroeconomic headwinds, but these are cyclical pressures that represent a buying opportunity, says Jupiter's Kathryn Langridge.

Eurozone countries could get a far greater say in each others' economic policies, according to draft documents the BBC has reportedly seen.

The price of gold has hit a record high on concerns about unrest in the Middle East and contagion risk from Libya, while oil has topped the $116 a barrel mark.

The soaring oil price poses a threat to the US economic recovery if price hikes are sustained, warns Federal Reserve chief Ben Bernanke.

Jupiter has promoted Philip Matthews to the role of deputy manager on the £2.5bn Jupiter Income trust, run by Anthony Nutt.

Bank of England governor Mervyn King has not ruled out another round of quantitative easing and has reiterated his belief the UK recovery will be choppy.

John Duffield's New Star investment trust has revealed a holding in the Fundsmith Equity fund, managed by City financier Terry Smith.

Henderson has promoted Ben Pakenham to the role of lead manager on the £151m Henderson Extra Monthly Income fund, replacing James Gledhill.

Paul Carne, manager of the F&C Lifestyle fund range, is leaving the company to join an institutional investment consultancy firm.