News

Fund managers are buying into southern Europe as macro-economic instability creates opportunities, amid fears Greek contagion could push economies in the region into recession.

GLG Partners' Ben Funnell has boosted tech exposure on the GLG Performance fund in the view the next expenditure cycle in IT is overdue.

Absolute return funds have grabbed investors' attention as increased volatility drives them to look for absolute returns through all market cycles.

The Bank of Ireland announced a €3.4bn (£3bn) capital raising last week to shore up its balance sheet, as the Irish Government prepares to increase its stake in the bank.

GLG Partners is preparing to soft-close Jason Mackay and John White's UK Alpha Select Ucits fund as it has hit its target of $300m (£195m) in assets under management.

George Luckraft is standing by a nearly 50% overweight position in small caps for his Axa Framlington funds, despite smaller companies dragging heavily on performance.

Allianz RCM's Walter Price is building positions in the service and cloud computing sector, in the view new companies in the sector have a competitive advantage.

F&C's high profile acquisition of Thames River Capital has received mixed reactions from financial analysts, amid market noise Thames River was sold short.

Jupiter's Charlie Thomas expects clean energy stocks to rebound as government stimulus boosts investor sentiment towards the sector.

Suspended Gartmore manager Guillaume Rambourg returned to work as an analyst last week as the group denied it had forced out head of compliance Gerry Harvey.