Global

Sonja Laud, manager of the Schroders Global Equity Income fund, is to leave the group by the end of the year.

Jupiter's Robert Mumby, manager of the Jupiter International Financials fund, has identified five top stocks from around the world he expects to excel.

Legg Mason Global Asset Management has launched a global macro bond fund through its fixed income subsidiary Western Asset.

LUXURY BRANDS

Equity funds in most regions may have enjoyed strong capital growth so far in 2013, but the ongoing hunt for yield means equity income strategies are still sharing the limelight.

Yields on ten-year US treasuries could climb as high as 5% as the Federal Reserve brings its quantitative easing programme to an end, according to Old Mutual Global Investors' Stewart Cowley.

US fund manager GAM has liquidated its underperforming GAM Star GEO fund run by Paul Udall after assets dwindled to under £10m.

INCOME

Eclectica hedge fund manager Hugh Hendry has said he has been forced to leave his bearish outlook behind as he faces up to a market "which only makes sense through the prism of trends".

Henderson Global Investors has hired Aberdeen Asset Management's Andrew Gillan to head its Asian equities team, following the announcement he had resigned from his previous role.