News

Henderson's Bill McQuaker and Odey's James Hanbury have been slashing gold positions despite rising inflation.

The Dow Jones is trading in the red after lower than expected US retail sales figures weighed on investor sentiment.

Rob Burnett, Neptune's head of European equities, has taken over the management of the European Income fund, supported by his team, following the departure of Karim Ladha.

Bramdean Asset Management's chief executive Nicola Horlick has launched a new venture investing in private members' clubs.

RWC Partners' income managers are holding a 15% cash position in anticipation of a pull-back in equity markets.

The latest inflation figures, showing CPI reached 4% in January, has sparked speculation on higher interest rates and the impact on the UK economy.

Fidelity's Sanjeev Shah has reduced his weighting to overseas equities in the £3bn Special Situations fund in favour of domestic large caps.

Tim Gibson is joining Henderson Global Investors as head of property equities for Asia on 1 March.

JO Hambro Capital Management has soft-closed its UK Equity Income fund after it reached its £750m cap.

The UK inflation rate rose to 4% in January, which is double the government's target and up from 3.7% the previous month.