News

Japan's newly elected Democratic Party has agreed a ¥7.2trn (£48bn) stimulus package to prevent the country's economy sliding back into recession.

London trading got off to a shaky start this morning after the Fed warned of a fragile recovery in the US.

Investors in the CF Arch cru range are likely to face a three to five year wait to receive a full realisation from the stricken funds.

Fund managers are cautiously optimistic about the outcome of the UN climate change in Copenhagen, though there is recognition any binding agreement will not materialise until the end of 2010.

Industry veteran Piers Denne has been hired by alternative investment boutique Future Capital Partners (FCP) to head up its new business development strategy.

Insight plans to change the investment objective and policy of its UK Corporate Bond fund, with the vehicle set to utilise the full Ucits III powers to gain wider appeal in the market.

Skandia Investment Group (SIG) has awarded a £170m UK equity mandate to Investec Asset Management's Alastair Mundy.

Blacksquare Capital is launching a fund of absolute return funds in the New Year.

Threadneedle's head of commodities David Donora is bullish on both the short and long-term outlook for commodities, though he believes the medium-term picture is uncertain.

GLG Partners has appointed Sir John Gieve, the former deputy governor of the Bank of England, as senior adviser.