Investec has launched an African bond fund for co-heads of fixed income John Stopford and South Africa-based Andre Roux.

‘Comforting' economic fundamentals and cheap valuations spur Emerging Markets manager to increase China weighting.

The gilt market is becoming like the tech sector in 2000 as investors pile into UK government debt, warned Schroders' Adam Cordery.

French regulators have failed in an attempt to extend the short-selling ban to major European stock markets, allowing investors to bet on further falls in financial stocks, the FT reports.

The Swiss government is preparing to unveil a CHF1.5bn (£1.1bn) package to help the country deal with its soaring currency when it meets later today, Reuters reports.

Henderson made a pre-tax loss of £3.1m in the six months to 30 June, compared to a £41.6m profit in the first half of the year, partly due to Gartmore-related expenses.

Ajay Argal is to join Barings as head of Indian equities, based in Hong Kong.

WHERE NEXT FOR EQUITIES?

LV= Asset Management said it expects to see some staff redundancies as it finalises its deal to outsource the management of its funds to Threadneedle.

HOW CHINA HAS FARED IN SELL-OFF