News

T. Bailey has promoted assistant manager Elliot Farley to head up its £36m Cautious Managed fund.

The FSA is set to turn the regulatory spotlight on the valuation of traded positions and is calling for a specific assessment of valuation uncertainty.

The FSA has fined the London branch of Société Générale £1.57m for failures in transaction reporting.

SVM's Hugh Cuthbert has more than doubled his exposure to banks in his Continental European fund this year as the sector has proved resilient in the face of regulatory threats.

Standard & Poor's has downgraded Ireland's credit rating based on the country's weak banking system.

Investors are continuing to pile into gilts as fears deepen that the global economy could be teetering on the brink of a double-dip recession.

The board of the £198m M&G Equity investment trust has outlined the options for investors ahead of its wind-up date in March 2011.

Pimco's Bill Gross says there will be no housing-led recovery in the US without Government support.

The FTSE continued to fall in early trade, down 0.34% to 5138.51, following yesterday's massive sell-off in global shares on escalating fears about the economic recovery.

The Manek Growth fund has once again soared to the top of the UK All Companies sector, outperforming its closest competitor by 13.2% over the past three months.