News in Brief

• Former International Investment & Underwriting (IIU) trading adviser David Morrison, is aiming to launch a new fund called Razor Macro, through his company Razor Investment Management, in which he owns a 60% stake. The fund will actively trade global foreign exchange, fixed income and equities, and Morrison is seeking up to E120m in start up capital. He left IIU this summer. His departure is said to have prompted two of IIU's biggest investors, Deutsche Bank and JP Morgan, to withdraw their

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