The IMA has received applications from a further 130 offshore funds to be listed in its sectors.

BP has suffered its third downgrade this week, Moody's cutting its credit rating by three notches.

F&C shareholders have approved the company's proposed £53.6m takeover of Thames River.

The IMA has received applications from a further 130 offshore funds to be listed in its sectors.

F&C's Fatima Luis has introduced BP bonds into her £237m Strategic Bond fund, believing the debt was trading at excessively distressed levels.

The FTSE 100 opened higher as investors responded positively to news BP has scrapped its dividend until 2011 and agreed to fund a $20bn oil spill compensation package.

Premier has transferred the management of its £23m Alpha Growth fund from PSigma's Bill Mott to former Gartmore manager Simon King.

Only eight managers in the closed-ended retail space have achieved more than a 20-year tenure, according to new figures from the Association of Investment Companies.

The manager of the £143m Finsbury Growth & Income fund believes technology stocks are in the middle of the bull run that could see prices reach dotcom levels.

Companies with exposure to Bric markets still have good long-term growth prospects despite fears the bloc is overheating, says F&C's Michael Ulrich.