Illusive trader Alan Howard has been ranked the wealthiest hedge fund manager as part of the Sunday Times Rich List, after his fund managed to outperform through the eurozone crisis last year.

Federal Reserve chairman Ben Bernanke said the central bank is unlikely to pump further stimulus into the US economy unless it sees an unexpected sharp deterioration.

Spanish and Italian bond prices have continued their decline as G20 leaders told European politicians responsibility for the debt crisis lies with them.

Peter Cockburn's £371m SWIP UK Select Growth and £124m UK Opportunities funds have been handed to James Clunie with immediate effect, as part of a shake-up at the firm which will see 23 investment roles culled.

Alain Dromer is to step down as CEO of Aviva Investors after insurance group parent Aviva revealed plans to simplify its business.

Asian markets fell overnight after data was released showing foreign investment into China slowed for a fifth month in a row.

China's economy, the world's second-largest, has expanded at its slowest pace in almost three years.

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Rathbone Brothers' subsidiary, Rathbone Investment Management, has acquired wealth management firm RM Walkden & Company following a stream of hires.

Treasury resources were 'stretched and unprepared' for the 2008 financial crisis, according to a damning new report.