Neil Woodford's Invesco Perpetual High Income fund has become the first UK unit trust to break through the historic £10bn of assets under management milestone.

Ignis has spun off its property operations into a new standalone unit, Ignis Real Estate.

Schroders' Richard Buxton believes today's return to profit for high conviction holding British Airways vindicates retaining the stock through the volatile last few years for the company.

Dighton Capital Management, specialists in managed futures funds, has moved all of its $230m assets under management into cash due to "considerable" market uncertainty.

Nouriel Roubini, the economist dubbed ‘Dr Doom' for forecasting the sub-prime crisis, believes the US economy is a "fiscal train wreck" waiting to happen.

HENDRY ON QUESTION TIME

The value of AIA has soared above the $35.5bn failed Prudential offer on its trading debut, with shares in the Asian insurer climbing as much as 17% today.

F&C recorded a £78m net inflow into its onshore fund range in the third quarter.

Artemis Strategic Bond fund manager James Foster has increased his short position on gilts following Tuesday's stronger than expected UK growth figures.

Highly regarded Investec Asset Management energy duo Jonathan Waghorn and Mark Lacey are running an overweight position in the ‘deeply distressed' gas sector.