News

The FTSE opened down 0.44% at 5,625.38 despite gains by medical stocks after President Obama's landmark healthcare reforms were passed in the US.

UBS is in talks with the Beijing municipal government on setting up a renminbi-denominated private equity fund as the Swiss bank looks to expand in China.

Baillie Gifford's Mike Gush has increased exposure to India in the £119m Pacific Horizon investment trust after becoming bullish on the country's economic growth prospects.

Group files with US Securities and Exchange Commission to release index-based funds and actively managed ETFs

Liontrust's Anthony Cross believes fund managers are becoming too short term in their thinking.

Premier Asset Management has hired former Gartmore UK equity manager Simon King to run two funds.

Graham Ashby believes UK equity income is set for an investor renaissance over the next decade, despite underperformance from the sector in recent years.

Boutique managers feel crisis exposed a lot of scepticism over financial instruments

The introduction of gearing to the £1.1bn Witan investment trust early last year has helped the multi-manager portfolio outperform its benchmark in 2009.

Winterflood Securities warns the private equity sector still faces widespread challenges despite recent results showing a rise in net asset values.