News

BP is looking for sovereign wealth funds or rival groups to take a 5-10% stake in the oil giant as the fallout from the Gulf of Mexico disaster continues.

Cazenove's Peter Harvey is taking a 21.1% overweight position in bank bonds, as the UK Government prepares to crackdown on risk taking in the sector.

The manager of the Marlborough UK Leading Companies fund has upped his exposure to companies poised to benefit from growing emerging market demand for power.

The manager of the £1.6bn HSBC GIF Brazil Equity fund plans to introduce property into the portfolio when the outlook for inflation improves.

J.P. Morgan's global equities specialist Jeroen Huysinga has been rotating out of mid-cap stocks and into large caps on valuation grounds.

Policymakers including the Bank of England are underestimating the risks to recovery of international efforts to recapitalise banks, says Lombard Street Research.

The manager of the £199m M&G Global Emerging Markets fund has taken an underweight stance to China in the view valuations are more attractive in other Asian countries.

Liontrust is planning to launch a credit fund in the third quarter, despite axing Ross Hollyman's newly-hired global equities team to concentrate on existing offerings.

BlackRock's Will Landers says the upcoming election in Brazil is unlikely to lead to a dramatic change in economic policy.

The manager of the Bankers investment trust has reduced the portfolio's fixed income holdings in the view the outlook for equity returns is superior.