Berkshire Hathaway will give its new manager Todd Combs a limited portfolio worth about $2bn to $3bn while Warren Buffett assesses his performance.
There is a one in three chance the Bank of England will announce a further raft of QE in its February Inflation Report, says J.P. Morgan's Bob Michele.
Fidelity veteran Anthony Bolton has committed to run his China Special Situations trust until at least April 2013.
VAM Funds has launched a Commodities Equity vehicle to tap into the rapidly increasing demand for resources from the world's emerging economies.
The FTSE 100 was down almost 2% this afternoon as fears over Europe's sovereign debt woes and tighter monetary policy in China continued to weigh on investors.
Only one manager in the UK could hit the headlines by purchasing a stake in a company which equated to just 0.067% of his total funds under management.
The single currency is unlikely to collapse despite the pressures of the European sovereign debt crisis, says John Greenwood, the Invesco chief economist.
Skandia has launched a multi-asset risk-targeted protection fund which will limit losses to 80% of the highest ever share price.
Inflation is likely to remain high throughout 2011 but the Monetary Policy Committee (MPC) is more divided than usual over the reasons why, the Bank of England Governor says.