News

Former Liontrust managers Jeremy Lang and William Pattisson are aiming to launch three absolute return funds in October.

The FTSE 100 has fallen 0.3% or 16 points to 5,413.5 in early trading after America's Federal Reserve said overnight there were "widespread signs of deceleration" in the US economy.

Schroders' Richard Buxton has reiterated his support for Korean state-controlled oil producer KNOC's hostile pursuit for Dana Petroleum.

Hedge fund manager John Paulson, who made billions out of the collapse of the sub-prime mortgage market, has been hit by the uncertainty surrounding in the US economy.

Goldman Sachs has agreed to pay a fine of £20m to the FSA after failing to disclose trader Fabrice Tourre was under fraud investigation by the US Securities & Exchange Commission.

Gam has soft-launched a market neutral credit fund for retail investors, raising $50m (£32m) for the product in eight weeks.

Greece's economy contracted by a worse-than-expected 1.8% in the second quarter as consumers in the debt-laden country reined back spending.

Leigh Harrison and Simon Brazier, the co-heads of UK equities at Threadneedle, have turned positive on the UK stock market despite forecasting GDP growth less than consensus expectations.

Weak growth and falling inflation mean investors should expect more quantitative easing by the end of the year, says Fidelity's asset allocation director Trevor Greetham.

Long the Western bond markets…for the time being