Nouriel Roubini has warned the eurozone faces a 'depression' if policymakers do not relax tough austerity measures.

The price for gold bullion, measured in fine troy ounces, is fixed twice a day in London to allow market users to trade gold at a single level.

Hedge funds posted their best opening quarter performance since 2006, despite seeing flat returns in March.

The disparity of returns between hedge funds in September was the highest ever seen by Luke Ellis, head of Man's multi-manager unit and a veteran of the fund of hedge funds business.

Hedge funds saw the majority of their gains for this year wiped out on Friday, losing over 1% of their value in just 24 hours.

Lazard Asset Management is planning a fund located in Ireland, based on the group's $500m multi-asset class emerging markets investment program, which has run in a US-based portfolio since mid-2009.

Alistair Lumsden, the London hedge fund manager who foresaw the US sub-prime mortgage crash that led to the credit crunch, has warned the US housing crisis begun in 2007 is far from over.