Japan's Government has intervened in the currency for the first time in six years after the yen hit a 15-year high against the US dollar.

Ignis' head of global funds and asset allocation is to run Marlborough's new Emerging Markets trust.

Equity fund managers are divided on the ability of absolute return funds to deliver positive results in current market conditions.

Investec's Max King says investors have become too fixated on income generation at the expense of capital growth.

The board of £14m Henderson Financial Opportunities is proposing to wind up the investment trust due to the continued fears around the banking industry.

Sarasin is considering launching a concentrated version of its flagship £294m EquiSar Global Thematic fund, run by CIO Guy Monson and Harry Talbot Rice.

Jupiter is readying the first funds for convertible bond and multi-asset specialists Miles Geldard and Lee Manzi who joined from RWC Partners earlier this year.

The FTSE 100 rose 0.88% or 48.58 points to 5,550.22 boosted by new financials regulation and positive economic data from China.

FUND MANAGER FOCUS

Evercore Pan-Asset has launched two new risk-profiled funds after receiving FSA approval.