News

Denver-based asset manager Janus Capital Group has hired Richard Weil from rival Pimco as its chief executive officer.

New Star's £741m UK Property fund has made its first purchase in over two years, a £10.5m retail unit in Chichester.

Interest rates have been held at 0.5% for the eleventh consecutive month today.

Miners are pulling down London's main index in early trading, offsetting strong demand for supermarket groups.

Former New Star CIO Alan Miller believes gold is the most "dangerous" asset class for investors in 2010.

Former Invesco Perpetual CEO Mike Webb will take over as chief executive of Rathbone Unit Trust Management, replacing Peter Pearson Lund.

The Dow Jones opened trading in the red on the back of disappointing employment figures showing the number out of work increased to 84,000 in December.

Polar Capital Holdings has boosted its UK sales team with an appointment of John Regnier-Wilson from Martin Currie.

F&C Investments has selected Calastone's cross-border transaction network to carry its open architecture range of funds - joining Aviva Investors which signed up yesterday.

Russia is set to launch a series of government bonds in an effort to close its budget deficit - marking the first time the country has tapped the bond market for a decade.