News

Neptune's head of US equities Felix Wintle is preparing to increase exposure to financials in his US Opportunities fund, which has had a long-term underweight to the sector.

Sterling will be the best-perfoming major currency next year as the UK gets its "house in order", according to forecasts from Barclays.

Lord Myners has branded advice to increase scheme fixed income allocations as "nonsense" and warned the bond market is an "enormous bubble which will burst".

Jonathan Carey, Jupiter's group executive deputy chairman, is to retire next week.

The trustee for the victims of Ponzi scheme fraudster Bernard Madoff has filed an $80m case in London's High Court of Justice against the swindler's UK operations.

Gartmore has been censured and fined $1.35m by the SEC for breaking its short-selling rules.

M&G's Jim Leaviss has warned against taking the US' prized AAA rating for granted as the country continues to inject stimulus and defy current European policies of debt reduction.

Aegon Asset Management has promoted Euan McNeil to the role of co-manager on its Ethical Corporate Bond fund, replacing high yield specialist Phil Milburn.

Richard Pease, manager of the Henderson European Growth and European Special Situations funds, believes stocks on the Continent can flourish despite the sovereign debt concerns.

Germany, the strongest country in the eurozone, has vetoed any increase in the €440bn rescue package.