News

Billionaire investor Warren Buffett's bullish outlook for the US has boosted markets, pushing the Dow Jones up 96 points and the FTSE back above the 6,000 mark.

Collins Stewart has liquidated its UK Focus fund, after only garnering £1.6m in assets under management since launch in 2008.

The re-opening of the Egyptian stock exchange has been further delayed as the exchange head rejects calls to cancel trades placed in the last few days it was open.

Commodities guru Jim Rogers says oil will continue to rise because there have been no major oil field discoveries in over 40 years.

Baillie Gifford is planning to soft-close Richard Sneller's Emerging Markets Growth fund on 6 April as assets have passed the £1bn mark.

Ignis Asset Management is launching an Absolute Return Government Bond fund at the end of March, targeting net returns of 2% to 3% a year in excess of cash.

Stephen Corr, James Kinghorn, and Craig Bonthron have joined Scottish Widows Investment Partnership's international equities team, under the leadership of Mike McNaught-Davis.

Former M&G chief executive of equities Ed Rosengarten has joined Eden Group as the head of asset management.

The new Irish government could hit holders of bank debt with serious ‘haircuts', drying up bank funding and even derailing the European economic recovery, bond managers have warned.

The ABI will today announce plans to scrap its "misleading" managed fund sector names after research showed they were too difficult for consumers to understand.