News

The managers of the £80m Waverton UK fund have begun using call options after shunning the instruments during the rallying markets of 2009.

Clavis Walden is sticking with its plans to launch one of the UK's first property authorised investment funds (Paif), despite delaying it for eight months.

David Einhorn, the US hedge fund manager who publicly questioned the health of Lehman Brothers before its collapse, has offloaded the majority of his stake in F&C.

BlackRock has made changes to its fund range including the planned closure of its Japan vehicle and alterations to the investment strategy and name of its High Income Bond portfolio.

The FTSE fell back slightly in early trading on Thursday despite strong overnight showings on Wall Street and in Asia.

The Bank of England has focused too much on avoiding deflation at the expense of countering declining real incomes, according to Cazenove.

A cooling global economy and an impending austerity squeeze in Britain will make the Bank of England (BoE) wait well into next year before hiking interest rates, a poll of 60 economists suggests.

The International Monetary Fund (IMF) has warned long-term fiscal reforms will be required among advanced economies as it projected the UK's gross debt to GDP would rise to 90.6% in 2015.

Former Lehman Brothers CEO Dick Fuld believes the investment bank may have been able to survive if US authorities had given it the same assistance as its rivals.

World markets surged on Wednesday following an unexpected jump in the US manufacturing index and bullish economic figures from Asia.