News

Warren Buffett's Berkshire Hathaway has reported a near 200% rise in profits for the third quarter.

Latin American equities are undervalued relative to other emerging markets and are set to outperform Asian stocks in the near term, according to HSBC Global Asset Management.

GLG Partners will close the standard share class on its UK Select fund after reaching its £150m AUM capacity.

Neptune's Chris Taylor has cut financials exposure in his Japan Opportunities fund by more than half in recent months on expectations bank earnings could be hampered by Government reforms.

Smith & Williamson has launched an Asia ex-Japan fund for manager Jane Andrews.

Barings' Robert Smith says its no surprise his German Growth fund has outperformed the majority of UK portfolios over the past year, as Europe's largest economy is in "far superior shape".

F&C's Catherine Stanley has nearly completed the rationalisation of the £800m Stewardship range of funds after taking the reins in June this year.

Brazil will be one of the first countries to emerge from recession and is on track to become a global economic powerhouse, according to Legg Mason affiliate Batterymarch.

Pearl Group has merged Ignis Asset Management and Axial Investment Management, with both groups now trading under the Ignis brand.

The Cautious Managed sector is top of the Cofunds chart for the second consecutive month - accounting for three of the top five best selling funds in October.