News

Eurozone members have pledged up to €30bn in loans to Greece over the next year to help dodge a debt crisis which is seen as most serious challenge in the euro's existence.

Two Bank of England directors have been earmarked to take control of transferring banking supervision from the Financial Services Authority to the central bank if the Tories win the election.

Will Calvert, manager of Axa IM's Emerging Markets fund, says investors should no longer perceive emerging regions as pure commodity plays.

The £156m Pacific Assets Trust reported a 56.8% rise in NAV, for the year ending 31 January 2010.

Average stock-holding time periods have shrunk to months rather than years as continued uncertainty has led to managers aggressively turning over portfolios.

Old Mutual Asset Managers' Stewart Cowley plans to remove all gilt and sterling exposure from his global portfolios unless tough austerity measures are made following the general election.

Numis Securities expects the number of investment trusts to shrink this year as disgruntled investors and hedge funds force smaller vehicles to close.

Offshore funds run by Franklin Templeton and J.P. Morgan have moved into top-quartile positions among peers after being admitted to into IMA sectors.

Shares in RAB Special Situations rose 31% in March, outperforming the 1.1% average from listed hedge funds, after commencing a buyback that absorbed 6% of its share capital.

Cazenove's Tim Russell is running a broadly market-neutral approach in his UK Absolute Target fund as equities display heightened volatility.