News

Morgan Stanley has warned Germany could withdraw from the eurozone as the fallout from the Greek debt bailout continues.

Octopus Investments has hired former New Star and Fidelity manager Thierry Serero as it prepares to launch a European Absolute Return fund.

The Cautious Managed sector continues to dominate inflows on Cofunds, accounting for nearly a third of net sales in Q1, with property also prominent.

The FTSE has made modest gains in early trading, boosted by the buoyant performance of US stocks yesterday and strong economic data from China.

Britain's three main political parties all have a £30bn hole in their manifestos that will have to be plugged with huge tax rises or spending cuts after the election, according to Financial Times calculations based on their policy pledges.

Polar Capital's assets under management have increased 71% over the past year as the boutique sees strong inflows into its long-only and hedge vehicles.

Federal Reserve chairman Ben Bernanke has once again allayed fears of a double-dip recession saying the US is staging a "moderate economic recovery".

Legal & General Investments economist Tim Drayson believes US growth remains fragile and its fiscal position unsustainable due to a gaping budget deficit.

Veritas Asset Management's Global Equity Income fund has taken in over £400m over the last 12 months as investor demand for dividend income outside the UK intensifies.

Robin Geffen's Neptune Global Equity fund has become the boutique's second vehicle to surpass £1bn under management.