Multi-asset

Barings has hired Christopher Mahon from RMB Asset Management to replace Toby Nangle, Investment Week understands.

Robin McDonald, co-head of the multi-manager range at Cazenove, has said investors should not hold out for further stimulus from the Federal Reserve as he believes it has ceased its policy to weaken the US dollar.

First State Investments' head of property securities Andrew Nicholas has left the group to pursue a new opportunity in the industry.

TECHNICAL

Christopher Rokos, co-founder of hedge fund giant Brevan Howard, is leaving the company.

Former Architas multi-manager Richard Philbin has joined Hampshire-based asset manager Hasley Investment Management.

MAM Funds' Simon Callow has been adding risk back into his CF Midas Balanced Growth fund during the second quarter by increasing his positions in international equity funds.

Billionaire investors George Soros and John Paulson have upped their stakes in the largest exchange-traded fund backed by gold as the commodity posted the largest quarterly drop since 2008.

Stamp dealership firm Stanley Gibbons plans to launch a fund investing in rare stamps later this year, allowing UK investors access to the rapid growth of this market.

The US Department of Agriculture (USDA) has slashed its forecasts for corn production and predicted sharp price rises, warning a drought and heatwave have destroyed much of the country's crop.