News

The US economy grew at a 2% annual rate in the third quarter, faster than in the previous three months.

OPM Fund Management is launching global and absolute return multi-manager vehicles early next year, based on existing products run for internal clients.

Dighton Capital Management, specialists in managed futures funds, has moved all of its $230m assets under management into cash due to "considerable" market uncertainty.

Many wealth managers are lacking the required qualifications to meet RDR standards and are confused about 'independent' and 'restricted' advice labels, research suggests.

Nouriel Roubini, the economist dubbed ‘Dr Doom' for forecasting the sub-prime crisis, believes the US economy is a "fiscal train wreck" waiting to happen.

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HENDRY ON QUESTION TIME

Germany has agreed to give the EU's €440bn (£383bn) bail-out fund permanent status rather than letting it expire in 2013 as planned.

A poor session in Asia this morning and unconvincing display on Wall Street overnight weighed on the FTSE 100 as it opened four points down at 5,673.

The value of AIA has soared above the $35.5bn failed Prudential offer on its trading debut, with shares in the Asian insurer climbing as much as 17% today.