Emerging markets

First State is considering moving Jonathan Asante's £4bn GEM Leaders fund out of the IMA Global Emerging Markets sector in order to combat capacity issues, Investment Week understands.

BRAZIL

INDIA

The management team of Indian equity specialist Ocean Dial Group (ODG) have agreed to buy out the business from its parent company Caledonia Investments.

Renaissance Asset Managers has been bought by emerging markets specialist Kazimir Partners, in a move which will see a number of its funds merged into other products, and a raft of new strategies launched.

Aberdeen Asset Management shares have jumped as the group reported net inflows of £3.5bn in the first two months of 2013.

China should liberalise the renminbi to support the floundering global economy, according to Robert Horrocks, chief investment officer of specialist fund house Matthews Asia.

Two of Pictet's emerging markets team, including Russia fund manager Peter Jarvis, have left Pictet Asset Management(PAM), Investment Week can reveal.

THE BIQ QUESTION

Marlborough Fund Managers has brought its two emerging market equity vehicles in-house as it capitalises on its recently-strengthened equities team.