News

The FTSE 100 has slipped 12.59 points (0.30%) to 4,174.41 this morning after a rocky day on Wall Street which saw the Dow Jones shed triple-digit losses of 161 points (1.94%) closing at 8163.60 points.

Over half of investment company fund managers have cut exposure to cash and fixed interest to take advantage of buying opportunities created by the market turmoil, according to the Association of Investment Companies

Jupiter's Nick Hinds is leaving the business to pursue other opportunities as from close of business today (Tuesday 7 July).

The IMA has accused the EU of confusing investment management with investment banking and is expressing frustration at regulatory proposals are being prepared.

Jupiter's Nick Hinds is leaving the business to pursue other opportunities.

The Bric concept has lost momentum according to emerging market managers in Standard & Poor's annual Global Emerging Markets review.

RWC Partners has seen more than £2bn flow into its multi-asset funds since the first vehicles launched two and a half years ago.

The FTSE 100 jumped 9.01 points (0.21%) in early trading, rising to 4203.92 by 8.20 this morning.

Veritas Asset Management has appointed Raymond Foo as a senior analyst on its Asia team to work alongside head of Asia long-only and long/short funds Ezra Sun.

Threadneedle's Leigh Harrison is moving his portfolio into a broader range of sectors as he believes investment themes will become less clear cut.