News

Jupiter's Guy de Blonay is taking over lead management of the group's £1.04bn Financial Opportunities fund on 1 January, allowing Philip Gibbs to focus on running his other mandates.

Tom Dobell's decision to double his stake in oil giant BP through the Gulf of Mexico disaster has paid off for the £5.85bn M&G Recovery fund manager, with the stake increasing in value by £25m.

The FTSE 100 opened positively in a week set to be dominated by a slew of US economic and political news.

Lord Young has replaced Lord Sugar as the government's enterprise tsar, tasked with cutting red tape for small businesses and encouraging new start-ups.

The US federal reserve could pump up to $1trn of extra QE into the economy to battle unemployment and encourage growth.

Legal & General Investment Managers has launched an emerging markets tracker fund for Robert Dowling.

M&G's Tom Dobell has blasted the UK banking industry, saying HSBC has "more integrity and corporate culture" than the rest of the sector combined.

Skandia's flagship Global Dynamic Equity fund has reached £1bn in size 18 months after launch.

Crispin Odey's Insynergy fund will adopt a Ucits structure and be redomiciled in Dublin by the end of the year.

Cazenove is re-opening Absolute UK Dynamic on 4 January after a period of outperformance, which saw the fund recover losses suffered this year.