Equities

The Federal Bureau of Investigation (FBI) is investigating whether insider trading took place in Heinz shares ahead of the food giant's historic deal with Warren Buffett's Berkshire Hathaway.

Caspar Rock, chief investment officer at Architas, has increased his funds' weightings to equities - particularly Japan - in the expectation the momentum behind the recent move into risk assets will continue.

TEN TO DROP

Jupiter CEO Edward Bonham Carter has called into question the equity market rally, suggesting current moves do not yet signal the start of a new bull market.

Old Mutual Global Investors' (OMGI) Stewart Cowley believes the so-called ‘great rotation' into equities from fixed income is not occurring on a cash level, despite suggestions to the contrary.

SECTOR REPORT

Aberdeen has hit the acquisition trail with two new deals, agreeing to buy US asset manager Artio Global Investors and taking a majority stake in private equity fund of funds business SVG.

Standard Life is in discussions to acquire the private client business of Newton Investment Management for up to £90m, according to a report.

CUT DOWN

The £1.2bn St James's Place Equity Income trust, managed by RWC's Nick Purves, has been kicked out of the IMA UK Equity Income sector for failing to meet the minimum yield target.