Argonaut's Barry Norris has said he will never invest in a gold stock again, after selling out of his stake in Swedish-listed company Nordic Mines at a 75% loss.

The IMA has been questioning fund groups over their exposure to currencies in their fixed income funds, with the view to tightening sector definitions.

Liontrust's chief executive John Ions said he hired Thames River's former credit head - just 18 months after selling Liontrust's existing credit arm - for its global specialism.

The IMA has soft launched a consumer website, providing investors with details on charges, risk ratings and fund performance, as well as commentary on regulation and checklists.

7IM's Alex Scott has begun switching out of corporate debt in favour of Spanish and Italian bonds on a large proportion of the group's funds, ahead of any rise in government bond yields.

Ignis Asset Management's Chris Bowie is set to move short duration on the top-performing Corporate Bond fund, ahead of a "painful readjustment" in yield movements.

The election of Shinzō Abe as Japanese prime minister could be the catalyst for the region to outperform after years of flagging returns, prompting asset allocators to review their underweight exposure to the country.

Mark Carney has seen off fierce competition to land the job of Bank of England governor, replacing outgoing chief Sir Mervyn King next summer.

Who will be the next governor of the Bank of England? The market is waiting with bated breath for Chancellor George Osborne to announce the successor to Sir Mervyn King later today.

Grant Peterkin, co-manager of the Ignis Absolute Return Government Bond fund, is leaving the firm, Investment Week can reveal.