News

Premier's multi-manager David Hambidge has warned absolute return funds are at risk of 'eating themselves' and may die out if they continue to underperform.

A member of the US Federal Reserve has called for Wall Street's financial giants to be broken up to avoid another financial crisis.

Libya unrest has driven Brent crude oil to a 29-month high of $119, causing Asian markets to fall overnight and European stocks to slump as investors take profits.

Royal Bank of Scotland (RBS) has reported an annual loss of £1.13bn for 2010, improving on the previous year but still falling short of analyst expectations.

Fidelity has plans to cap its newly launched UK Opportunities fund at around £250m to enable manager Alex Wright to continue to manage the portfolio effectively.

The soaring price of West Texas Intermediate (WTI) oil is set to hit $90 dollars a barrel this year, adding 20% to the earnings forecasts of Russian oil producers, says HSBC.

Former Threadneedle bond manager Roman Gaiser has joined Pictet Asset Management as head of high yield, while Andres Sanchez Balcazar joins as co-head of the global and regional bond team.

Monetary Policy Committee (MPC) hawk Andrew Sentance is calling for a 0.5% rise in the Bank of England base rate, a greater hike than he has lobbied for previously.

The distribution unit of wealth manager St James's Place (SJP) turned a huge loss in 2009 into a significant profit last year after new business increased by a third.

J.P. Morgan and Fidelity are planning to gain trust company licences in China, along with many overseas firms seeking to profit from the light regulatory environment in which the vehicles operate.