Global

A week of dramatic FX moves has highlighted the importance of currency positioning for global equity fund managers and fund buyers, as they try to cushion portfolios against the impact of multi-speed central bank policies.

Norwegian fund manager Skagen is set to launch a concentrated global fund, subject to regulatory approval, following the rehire of manager Filip Weintraub.

M&G has written to investors in its £9.5bn Global Dividend fund and acknowledged "there may well have been some complacency" around underperforming stocks in 2014.

Global growth managers predict the rally in airlines can continue into 2015 and beyond as a falling oil price provides a new fillip for the sector.

Fund buyers and investors face a challenging 2015 as they weigh up how to diversify in the face of crowded trades and elevated valuations, market commentators have suggested.

Hedge fund manager Crispin Odey netted a pay packet of £47.8m in the year to April 2014 after his boutique more than trebled profits.

Robert Mumby has retired from fund management after nine years at Jupiter, handing his funds to Guy de Blonay.

This year has been a difficult one for many active funds, but, as ever, a select group of portfolios continue to be backed en masse by buyers looking to deliver outperformance for clients.

Former Schroders manager Giles Money has joined PIMCO's global equity team.

In an exclusive interview, Hugh Hendry explains his 'out of the box' thinking, analyses a policymaking pivot, and responds to critics who claim he has 'gone over to the dark side'.