SWIP

Standard Life Investments has hired former Threadneedle EMD head Richard House to lead its drive into the emerging market debt space.

Invesco is one of the front runners to buy ING's £500m Asian asset management division, according to reports.

Venture Capital Trusts(VCTs) have posted another strong fundraising year in 2011/12, with £330m of new shares issued in difficult market conditions.

Scottish Widows Investment Partnership (SWIP) has announced the first casualty of its cost-cutting drive after revealing its intention to wind-up Peter Cockburn's UK Select Trust.

The IMA sector committee carrying out the review into the Absolute Return sector is divided over whether to change the sector's name, Investment Week understands.

Over the past two decades the FTSE All Share has beaten the majority of funds in the IMA UK All Companies sector, adding weight to the view the funds industry is in dire need of consolidation ahead of RDR.

Neil Woodford has for the first time lifted the lid on why he completely sold out of retailer Tesco, while admitting he was disinclined to do so with the stock trading at distressed valuations.

China has widened the yuan's trading band, moving it a step closer to becoming a fully tradable global currency.

Skandia Investment Group (SIG) has expanded the management line-up of its £1bn Global Dynamic Equity fund, handing a £20m mandate to Asia specialist Andrew Dalrymple, at Aubrey Capital Management.