Richard Pease, manager of the Henderson European Growth and European Special Situations funds, believes stocks on the Continent can flourish despite the sovereign debt concerns.

Gartmore has been censured and fined $1.35m by the SEC for breaking its short-selling rules.

Government bond markets are continuing to sell off strongly this morning as investors absorb the extra $1trn of debt added to the US balance sheet by the extension of its tax cuts.

Henderson head of multi-manager Mark Harris has taken a £16m stake in a Vietnam equity fund as he ramps up his exposure to frontier markets.

Invesco Perpetual star Neil Woodford is among a group of high profile investors to hit out at today's short-term performance culture, saying this "obsession" is damaging long-term returns.

Warren Buffett has pledged $50m to the creation of a UN nuclear fuel bank, keeping a promise the Sage of Omaha made back in 2006.

HSBC is being sued for $9bn by the trustee trying to recover money for the victims of Bernard Madoff's fraud.

IMA chief executive Richard Saunders has hit out at the FSA for inconsistencies in its RDR proposals, saying the regulator is ‘rolling the dice'.

The trustee trying to recover billions for the victims of Bernard Madoff yesterday sued JPMorgan for $6.4bn, claiming it was 'wilfully blind' to the giant fraud.

Neptune founder and CEO Robin Geffen believes UK dividend growth could exceed the 15% consensus forecast next year despite the muted economic environment.