Dalton Strategic Partnership has hired Goldman Sachs' Gaurav Pant to run an Indian Absolute Return fund.

The dollar has hit a record low against the Swiss franc as investors are kept waiting for signs of progress in US lawmakers' attempt to raise the debt ceiling.

The annual IMA asset management survey has shown a slump in interest in UK equities as investors look further afield for returns.

BRIC BASHING

Changing environment for dividends in global market prompts portfolio shifts.

Andy Brough has reduced the number of holdings in his £1.6bn UK Mid 250 fund as he looks to concentrate his portfolio around core positions.

BlackRock is to launch a global emerging markets income fund in August as part of its BGF Luxembourg range.

OMAM BOND BLOG

Aberdeen's multi-manager team have sold out of their position in Tom Walker's £677m Martin Currie North American fund and made a string of changes to their Ethical portfolio.

BlackRock is to launch two passively-managed funds of funds investing in a selection of the firm's equity and fixed income tracker funds.