Fidelity International CIO Nicky Richards is to depart the group at the end of this month.

Warren Buffett's Berkshire Hathaway is now a safer investment than the ‘risk free' US Government.

Schroders' Richard Buxton, manager of the £1.85bn Schroder UK Alpha Plus fund, has been topping up holdings in British Airways during periods of weakness caused by uncertainty over the airline's industrial action.

The Prudential chief executive Tidjane Thiam was under fire from shareholders last night after taking on a second high-profile job while trying to steer the insurer through a record takeover deal.

RBS could buy back £10bn of debt in an attempt to boost its capital strength and its standing with bond investors.

Mike Riddell has been named as the new lead manager on three M&G retail fixed income funds, replacing Jim Leaviss.

Old Mutual is believed the ‘major investor' backing the consortium on the brink of taking over troubled Premier League club Portsmouth.

Warren Buffett received a $100,000 salary as Berkshire Hathaway chairman for the 29th straight year in 2009, but paid back the company $50,000 to cover stamps and phone calls.

John Husselbee's North Investment Partners has constructed its own structured note to effectively short government bonds across the manager's range of multi-manager funds.

Skandia UK posted a 22% increase in mutual fund sales last year as clients continued to move away from traditional life product offerings.