WEALTH MANAGERS

TOP TEN

Barclays is the most attractively valued UK bank, offering the best potential for growth if it restructures its investment banking division, according to J.P. Morgan Cazenove.

INFLATION

Credit Suisse is to combine its private banking and asset management divisions to create a wealth management arm.

The UK's main inflation rate has jumped sharply to 2.7% in October, having fallen to a 34-month low of 2.2% in September.

Fund of funds accounted for a record level of funds under management at the end of Q3 this year, according to the Investment Management Association (IMA), up 18% compared to the same quarter last year.

UK think-tank NIESR has revised down its growth forecast for the UK next year, despite a strong third quarter which has seen the economy emerge from recession.

Lothar Mentel, former Octopus chief investment officer, has joined advisory group Paradigm as CIO of its new investment management venture, Tatton Investment Management.

A new paper, 'Buffett's Alpha', claims to have identified the main factors that have driven Warren Buffett's extraordinary record in investment.