Jupiter's Simon Somerville has been named John Chatfeild-Roberts' deputy manager on the £275m Global Managed fund.

Apollo Multi Asset Management has recruited Ian Willings as senior fund manager.

Newton's £2.6bn Higher Income fund will move to quarterly distribution as of next month.

HSBC Global Asset Management has unveiled the GIF Middle East and North Africa fund a year after it was initially slated for launch.

The Dow Jones raced to a near 75-point lead in early trading on Thursday thanks in part to strong gains from aluminium giant Alcoa.

BlackRock's Bob Doll is confident the bull run for US equities will continue despite two consecutive weeks of falls for the country's markets.

The Dow Jones has climbed sharply in early trading this morning on anticipation of a positive start to the US reporting season. At 10.40am, the index was 112.07 points (1.17%) higher to 9711.82.

The manager of Fidelity Multi-Asset Strategic has shrugged off his defensive stance, in the belief that early growth signs in recession-hit world economies will not fade as some analysts suggest.

The FTSE 100 is up 32.83 points (0.65%) at 5057.15 following some volatility in early trading, as Australia's decision to raise interest rates surprises the global markets.

Blue Sky has launched an ‘absolute return' plan offering a potential payout of 75% at the end of its six-year term.