US-based Thornburg Investment Management has launched an unconstrained global equity fund, as the group moves to build its presence in the UK.

The heavy sell-off in the US treasury market over the past two months could force the Fed to postpone its plans to begin reducing its asset purchase programme, according to Henderson's John Pattullo.

Leading strategic bond fund managers have cut their aggressive shorts on US treasuries, on the expectation the Federal Reserve may postpone plans to scale down QE if growth and inflation continue to undershoot.

Miton Group's shares have jumped by almost 17% in early trading following its acquisition of Psigma Asset Management in a deal worth up to £13m.

Neuberger Berman has become the latest player to bolster its emerging market debt capabilities, launching a trio of funds for its new recruits.

M&G Investments' Alex Odd (pictured) has left the firm, handing his underperforming £1.4bn M&G Dividend fund to Phil Cliff amid a re-shuffle of the group's equity desk.

The government has formally started the process of offloading its stakes in Royal Bank of Scotland (RBS) and Lloyds by launching a tender for the banks' share sale, according to reports.

M&G Investments' top performing bond fund manager Richard Woolnough has argued the global economy is in a much healthier place than GDP figures suggest.

The UK economy delivered growth of 0.3% in the first quarter of the year, the final reading from the Office for National Statistics has confirmed, but revisions to previous readings mean there was no 'double-dip' recession.

Chancellor George Osborne announced a wave of cost-cutting measures during yesterday's eagerly awaited Spending Review, which will aim to save the government around £11.5bn a year.