HENDRY VS THE WORLD

Hedge fund titan David Einhorn expects the price of gold to continue its strong surge as the US authorities retain irregular monetary and fiscal policies.

The trustee trying to recover billions for the victims of Bernard Madoff yesterday sued JPMorgan for $6.4bn, claiming it was 'wilfully blind' to the giant fraud.

Fundsmith founder Terry Smith is set to lose one of the 22 stocks in his Equity fund to an acquisition, less than a month after the vehicle's launch.

Schroders chief economist Keith Wade has labelled the Federal Reserve's $600bn QE2 programme as an "aggressive act" to devalue the dollar.

Investec has agreed to sell Rensburg Fund Management Limited to Franklin Templeton for £45m.

United Industrial Services has built up a 4.64% stake in ailing fund manager Gartmore.

Neptune's Felix Wintle believes the US stock market can extend its strong recent run into the New Year as the outlook for corporate earnings remains positive.

Jupiter's Guy de Blonay is taking over lead management of the group's £1.04bn Financial Opportunities fund on 1 January, allowing Philip Gibbs to focus on running his other mandates.

M&G's Tom Dobell has blasted the UK banking industry, saying HSBC has "more integrity and corporate culture" than the rest of the sector combined.