Old Mutual Global Investors is to open its first Scotland office in Edinburgh as a new home for Russ Oxley and his fixed income team.

Investment managers are expecting to see the first interest rate rise in the US in over six years in the next couple of months, but could we see a further round of quantitative easing instead?

Baring Asset Management has launched a multi-asset income fund for former Schroders manager Sonja Laud, targeting the UK retirement market.

Hargreaves Lansdown has hired Chris Hill as its new chief financial officer, ending the search for a replacement after Tracey Taylor left at the end of last year.

Lombard Odier Investment Managers is preparing to launch a catastrophe bond fund, making UCITS version of the vehicle available to retail investors in the autumn.

A new industry initiative aiming to improve liquidity in the fixed income market has gone live under the title Neptune, supported by 42 banks and investment firms.

Financial markets are "ripe for major decline" next year, according to a fund manager who forecast the dotcom bubble and 2008's global credit crisis.

Heartwood Investment Management has moved its range of funds into the IA Unclassified sector, joining a growing number of groups that have not been able to find a suitable peer group for risk-rated products.

In its latest quarterly Inflation Report, the Bank of England has forecast inflation will remain low for longer than previously expected, as a result of weak energy prices and continuing currency strength.

Sterling fell 1% against the dollar and euro this lunchtime, as rate rise expectations were pushed back, with just one MPC member voting for an increase this month.