News

The European Commission has revised GDP forecasts for the UK slightly upwards, while the EU as a whole has also seen its figure boosted.

Swip Multi-Manager has hired FOUR Capital Partners to manage a mandate for its UK Equity Focus fund with an initial size of £256m.

Fund managers expect the Basel Committee's new rules on bank capital adequacy to have a major impact on financial sector debt and equity markets.

The managers of the Henderson Managed Distribution fund have added put options and a short equity index future into the portfolio on expectations of near-term pressure for stock markets.

GLG Partners plans to reopen its long/short Alpha Select fund to limited new investment on 20 September.

Jupiter is readying the first funds for convertible bond and multi-asset specialists Miles Geldard and Lee Manzi who joined from RWC Partners earlier this year.

Gam has launched a Ucits III long/short fund with an emerging markets remit for investment director Sean Taylor.

The FTSE 100 rose 0.88% or 48.58 points to 5,550.22 boosted by new financials regulation and positive economic data from China.

Pimco is bringing two of its giant institutional funds into the UK retail space for the first time with the launch of a new product range.

Financial regulators have reached a deal to force global banks to double the spare cash they hold in the biggest shake-up since the economic crisis nearly brought down the system.