News

HSBC Asset Management's Middle East and North Africa (Mena) team have increased their exposure to the United Arab Emirate (UAE)'s unloved real estate stocks because of increasing demand for low-cost housing.

Fund Intelligence investment director Chris Mayo has cut his weighting to Neil Woodford's High Income fund because of concerns over the UK economy.

Barings' Andrew Cole has cut exposure to emerging market equities by 10% in favour of UK-listed multinationals.

Martin Currie has poached Sofaer Capital's Andrew Graham to take on the role of senior investment manager on its Asian equities team.

Warren Buffett has vigorously defended Goldman Sachs against fraud allegations being levelled at the investment bank.

Greece has agreed to make major austerity cuts in return for a huge 100bn euro bail-out from the eurozone and the IMF.

GLG Partners is to cap its UK Alpha Select Ucits fund after it reached its $300m (£195m) asset target.

A life settlement specialist is warning some providers are using outdated valuation methods which could lead to investors losing money.

Taxes must rise sharply over the next decade to bring down borrowing, according to the National Institute of Economic and Social Research (Niesr).

Greece has agreed the outline of a €24bn (£21bn) austerity package, including a three-year wage freeze for public sector workers, in return for a multibillion-euro loan from the eurozone and the International Monetary Fund, according to people familiar...