Fund buyers have been selling out of high yield bond funds as liquidity dries up in the secondary market and they predict little value remains in the asset class.

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Natixis Global Asset Management (NGAM) has launched its second onshore fund, the Loomis Sayles US Leaders fund, with seed money from Aberdeen Asset Management.

Invesco Perpetual is adding two new managers to its Pacific fund to assist lead manager Stuart Parks.

Sir Winfried Bischoff, chairman of Lloyds Banking Group after taking over during the financial crisis, is to retire from the group later this month.

London blue-chip index has crossed the threshold level of 6,600 for the first time since 2007 after a seven-day climb.

Alan Burnett, head of UK intermediary business at Martin Currie, is to leave the firm at the start of June for Lyxor Asset Management.

The Ruffer Investment Company saw NAV hit a record high in April as soaring Japanese equities helped offset exposure to struggling gold miners.

Scottish Widows Investment Partnership (SWIP) has promoted Dan Daldry to co-manage its Absolute Return Bond fund alongside James Carver.

Fund buyers are calling on iShares to review the pricing of its range of UK exchange-traded funds (ETFs), especially the mainstream vehicles that are charging substantially more than their peers.