The PIMCO Total Return fund suffered a record $27.5bn in outflows last month, following on from the $23.5bn pulled out in September as Bill Gross (pictured) left the company.

Jupiter's Philip Ehrmann and Kathryn Langridge are to join Manulife Asset Management at the start of next year, Investment Week understands.

Royal London Asset Management (RLAM) chief investment officer Robert Talbut is to depart the company at the end of the year, with Kames Capital's Piers Hillier set to succeed him.

Why the credit boom is killing conviction

Sri Lanka’s new beginning

How can Japan boost corporate profitability?

Should you access trusts via a platform?

Europe’s property market retains its appeal due to risk avoidance strategies

Jupiter managers Philip Ehrmann and Kathryn Langridge are to leave the company as it reshuffles its emerging markets team, Investment Week can reveal.

HSBC has put aside $378m (£236m) to cover the cost of an investigation into foreign exchange manipulation and reported third-quarter profits that missed forecasts.