FIXED INCOME

Standard Life Investments' Thomas Moore is set to shake up holdings in the group's £107m Equity Income trust when he takes over as lead manager next year.

LGIM's Ellis believes adopting European rules will help rectify any ambiguity regarding sector.

The new president of the European Central Bank (ECB), Mario Draghi, has called on European leaders to aid bond markets by increasing the size of the eurozone bailout fund.

Alliance Trust Asset Management is set to launch a global thematic opportunities fund for Ilario Di Bon next month, who joined the group as head of global equities from Fidelity in June.

Former New Star CIO Theo Zemek revealed in yesterday's tribunal the atmosphere was so poisonous under John Duffield's regime that she was petrified her mobile phone would be "impounded".

Moody's has downgraded the credit ratings of a number of German public-sector banks, saying there is a lower likelihood the German government will step in with a bailout.

US inflation has fallen for the first time since June with the consumer price index falling 0.1% in October after rising 0.3% in September.

Euan Munro's multi-asset team is set to step down from managing Standard Life Investments' £79m Managed fund, as the group plans to convert it into a global equity income portfolio.

Patrick Evershed's legal battle with New Star is unlikely to be completed this week, with the hearing potentially dragging on until January, the chair of the court announced yesterday.