News

Schroders CIO Alan Brown has urged investors to undertake a major rethink of their traditional asset allocation models after the credit crunch exposed the dangers of static portfolio construction.

UK public sector borrowing fell to £3.8bn in July, down from £6.1bn in July 2009, suggesting the nation's finances are starting to recover.

Henderson's Bill McQuaker has increased exposure to index-linked bonds in recent weeks on the view the global economy faces a "meaningful risk" of higher inflation in the medium-term.

Britain's leading share index has fallen back into the red after enjoying modest gains in early Thursday trading.

Stanley Druckenmiller, the manager who helped George Soros make $1bn by ‘breaking' the Bank of England, plans to retire after thirty years in the industry.

Skandia has handed three fixed interest mandates within its multi-manager funds from Threadneedle to Nordea.

M&G's Tom Dobell has boosted BP to the largest position in his £5.35bn Recovery fund, believing its recent decline represents a rare opportunity to invest in one of the UK's leading companies.

Andrew Sentance voted against the rest of the Monetary Policy Committee (MPC) for a rise in interest rates for the third consecutive month, minutes from the August meeting show.

Miners dragged on the FTSE 100 opening this morning following BHP Billiton's $40bn hostile takeover bid for Canadian group Potash Corp.

F&C shares are higher again this morning after ‘turnaround specialists' Sherborne Investors doubled its stake in the asset manager to 10%.