Multi-managers including Henderson and Thames River have recently reduced their allocations to Europe, following a turbulent few weeks for the region.

The Government could take until 2015 to offload the bulk of its stakes in the UK's partly nationalised banks, longer than many fund managers were expecting.

Advisers and wealth managers will have access to half of the initial £630m capital raising for Anthony Bolton's Fidelity China Special Situations investment trust.

Hargreaves Lansdown has posted a 16% jump in adjusted pre-tax profits for the six months to end 2009, to £43.1m.

Fidelity is planning an initial £630m capital raising for Anthony Bolton's China Special Situations PLC.

Legal & General Investment Management plans to merge its £34m Japanese trust into its tracker equivalent, with manager Andrew Nagele and team set to leave the group.

Philip Gibbs, manager of Jupiter's Absolute Return, Financial Opportunities and Global Financials funds, comments on Obama's proposals for banking reform.

Jupiter's Philip Gibbs has taken a net short position in UK domestic stocks, on concerns about the rising deficit and fears of escalating gilt yields.

Skandia Investment Group has made a number of manager changes across its Best Ideas fund range.

Jupiter multi-manager head John Chatfeild-Roberts has taken over the group's CIO role from Edward Bonham Carter.