Time for a reality check

Revision of Greece's public finance accounts has underlined the need for a big effort to reduce budget deficits.

Small is bountiful

In 2004 equity deals for smaller companies were much more lucrative for investment banks than large block trades, which were often disasters from a profit point of view.

Safe but sorry

Burnt in recent equity market sell-offs, high-net-worth investors are clamouring for investment products that will preserve their capital.

Alternative fund managers converge

The advantages of sharing specialist industry sector information drawn from private companies, plus a desire to provide complementary asset allocation vehicles to end investors, are drawing private-equity firms and hedge funds into alliances.

Small stock markets top five-year returns

Halfway through the first decade of the new millennium, the five-year track records of world stock markets show the leading indices in Europe and America still way down on their highs before the tech bubble burst.