Henderson Global Investors has appointed Steve Drew as head of emerging market credit,with further hires planned later this year.

Investec is planning to switch Alastair Mundy and David Lynch's £100m Capital Accumulator fund from a zero dividend fund into a high conviction stock-picking portfolio, Investment Week understands.

Bond managers have been slashing exposure to contingent convertible debt - a key source of alpha for fixed income funds in recent months - as yields begin to fall and an avalanche of issuance appears on the horizon.

An independent Scotland would be forced to write the rest of the UK a £143bn IOU for national debt, according to the National Institute of Economic and Social Research (NIESR).

Nikko AM has cut its stance on global equities to neutral for the first time since 2011, citing growing geopolitical risks.

The five best-selling UK All Companies funds saw more than £1bn in collective inflows in the first two months of the year, confirming UK equities are back at the top of investors' wishlists.

Policymakers risk the UK economic recovery stalling if they fail to address its "undue reliance" on consumer spending, the British Chambers of Commerce has said.

Natixis Global Asset Management is poised to launch a global concentrated equity fund in a bid to further develop its UK-domiciled range.

Renaissance Asset Managers head of quantitative research and risk Michael Kollo has left the company, Investment Week understands.

THE BIG INTERVIEW