News

Investec Asset Management has added former hedge fund analyst Theodore Stamos to its credit team.

F&C's Gareth Morgan says Russian President Dmitry Medvedev may have underestimated the country's recovery, with the manager predicting GDP growth in excess of 5% next year.

UK inflation has fallen to its lowest level in five years, according to figures from the Office for National Statistics.

Early trading saw the FTSE 100 fall after reaching a 12-month high on Monday.

Jupiter has appointed Mark Ingram as regional sales manager, marking the final change in the recent reorganisation of its sales team.

Royal London Asset Management is converting its range of unit trusts to Oeics over a phased period ending in April 2010.

Investors in the stricken Arch cru range face a further six to eight weeks wait to find out the value of the funds' assets.

The FTSE 100 benchmark index shot to its highest level since the day Lehman Brothers filed for bankruptcy last year.

Newton's £2.6bn Higher Income fund will move to quarterly distribution as of next month.

Legg Mason has launched a Global Absolute Return fund managed by its hedge fund specialist affiliate Permal.