Paul Kirkby, star Japanese equity manager, is set to quit Global Asset Management (GAM) at the end the year.

Kirkby's departure will be a blow for the firm, which was recently taken over by UBS. He has produced strong performance for long-only Japanese funds over 13 years and recently started a GAM long/short Japanese hedge fund. GAM manages Japanese funds totalling $2.5bn (€2.8bn).

Star equity manager to quit GAM at year's end

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One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

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The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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