Equities

Pictet Asset Management has launched an Emerging Corporate Bonds fund for recently appointed head of emerging credit Alain Nsiona Defise.

One of the industry's most widely followed strategists, Albert Edwards, has said depressed European equity markets are a once in a lifetime opportunity for investors following the savage sell-off in 2012.

Managers around the globe have upped their exposure to equities in what Bank of America Merrill Lynch analysts dubbed the 'great rotation' of 2013.

INCOME

M&G is planning to merge two of its UK equity funds to create a portfolio with more than £600m in assets under management.

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We believe the investment backdrop remains structurally difficult.

J.P. Morgan Chase was last night ordered to improve its risk management following a $6.2bn (£3.8bn) derivatives trading loss highlighted by a London-based employee dubbed the "Whale".

Jon Bailie has joined Pioneer Investments to head up distribution efforts in Western Europe and Latin America.