Investec Asset Management's Paul Carr believes sterling is the most undervalued major global currency.

Henderson multi-managers Mark Harris and Craig Heron are bullish on the near-term prospects for US equities following today's mid-term elections, saying the market could rise by 10%.

Australia and India have both raised interest rates by 0.25% on escalating inflation fears.

Premier has hired former Threadneedle manager Chris White to take over three income funds from veteran Bill Mott.

TERRY SMITH TALKS TO IW

Fundsmith founder Terry Smith has laid down the gauntlet to other asset managers, offering a high-conviction equity fund with no initial charge and 1% AMC.

City veteran Terry Smith has today launched a high-conviction and low-cost equity fund he believes to be ‘unlike any other product' in the retail market.

Anthony Bolton's Fidelity China Special Situations trust could be set to issue more shares after the company's price widened to a 13% premium over NAV.

Mark Mobius, the world's most recognisable emerging markets manager, is being investigated in Turkey over possible market manipulation following requests from investors in the country.

Tom Dobell's decision to double his stake in oil giant BP through the Gulf of Mexico disaster has paid off for the £5.85bn M&G Recovery fund manager, with the stake increasing in value by £25m.