Global

Fidelity is to launch an onshore version of Amit Lodha's $250m Global Real Asset Securities fund in response to investor demand for tangible assets.

PUTTING OUT THE FIRE WITH GASOLINE

Janus International has added an Asian equity fund to its Dublin-domiciled fund range, to be managed by recent hire Hiroshi Yoh.

August 2011 has come to an end and the final week was a bit calmer than the preceding three. The Bernanke speech was the highlight and, in many ways, the Fed Chairman had no major surprises for us.

ON ASIA

ONE TO WATCH

Deven Sharma, the man who oversaw the downgrade of the US' credit rating earlier this month, is stepping down as president of Standard & Poor's.

Investec has launched an African bond fund for co-heads of fixed income John Stopford and South Africa-based Andre Roux.

ON ASIA

Morgan Stanley has warned the global economy is on the brink of recession as the US investment bank slashed its growth forecasts.