Cazenove

ON EUROPE

Rathbones has poached Jeremy Stanyer, a specialist in private client investment management from Williams de Broe, for the position of investment director at its Aberdeen office.

Holding UK interest rates at crisis levels is "inappropriate" as rising inflation becomes a bigger concern than a double dip recession, says Julie Dean at Cazenove.

Cazenove's Marcus Brookes may start buying government bonds "pretty aggressively" if too much inflation is priced in.

ON BONDS

ON EUROPE

Rising inflation is applying upwards pressure on interest rates, creating the potential for an acute policy dilemma later in the year, says Cazenove's Richard Jeffrey.

The managers of Cazenove's newly launched Diversity Income fund have warned they may prioritise downside capital protection during volatile markets, meaning they could miss their 4% yield target.

Western bond market are pointing to the risks of resurgent inflation, although the Fed claims price pressures are not building rapidly, says Cazenove's Julie Dean.

Not owning gold during the current financial turmoil is "a form of insanity", according to Cazenove's Robin Griffiths.