Alliance Trust has alerted the Financial Services Authority (FSA) after a number of its shareholders received bogus telephone calls offering to buy shares at double their market value.

Investment Week, IFAonline's sister title, rounds up the most memorable quotes from our favourite (and most outspoken) industry commentators in 2011.

Partick Evershed's claims he and other staff members were bullied by New Star Asset Management founder John Duffield have been dismissed by three of his ex-colleagues.

Gregor Logan, the former joint chief investment officer of New Star, has said a leveraged balance sheet and poor performance from flagship funds caused the demise of the asset manager.

George Osborne has widened the investment universe for venture capital trusts (VCTs), removing the £1m investment limit per company rule, it was announced in today's Autumn Statement.

Chancellor George Osborne has unveiled a new enterprise investment scheme (EIS), giving investors 50% tax relief for investing in business start-ups.

Brooks Macdonald Asset Management has bolstered its UK equity capabilities with the hire of ex-New Star manager Toby Thompson.

European markets have opened the week in positive territory, with the FTSE 100 rebounding from a period of extended losses.

Shares in 'zombie' fund specialist Phoenix Group rose yesterday on the back of a proposed takeover offer from private equity firm CVC Capital Partners.

Moody's has downgraded the credit ratings of 10 German public-sector banks, and taken action against another two, saying there is a lower likelihood the German government will step in with a bailout.