JP Morgan Asset Management has launched a Japanese absolute return portfolio for fund manager Kaori Tsujino.

The Investment Management Association (IMA) has appointed Morningstar UK to monitor funds across its sectors.

Core Capital is merging six of its top investments into an open-ended structure to raise new capital from investors.

Barclays Wealth has warned US markets are set for a correction following a sharp decline in its manufacturing industry.

PIMCO's Bill Gross has warned the US authorities are focusing too much on reducing the budget deficit instead of tackling the country's unemployment problem, which could derail the recovery.

Newton's Paul Brain said the possibility of Greece defaulting on its debt has tripled since a bailout was first agreed, resulting in a higher risk the country could leave the euro by the end of this year.

The International Monetary Fund has cut its forecast for US growth after unexpected economic weakness and European woes.

Newton's Asian Income manager Jason Pidcock is favouring commodity-related stocks, a sector normally avoided by income seekers in the UK.

Newton's Raj Shant has handed over the European Higher Income Fund to his colleague Fred Moore.

Henderson Global Investors has increased its holding in rival Liontrust Asset Management, taking its position in the asset manager to more than 11%.