‘Clients need to take more risk to see real returns’
Old Mutual Global Investors (OMGI) has hired former Ignis manager Russ Oxley to lead a newly-appointed fixed income absolute return team, Investment Week can reveal.
The FTSE 100 was in the red once again today following losses around the globe overnight, with Hargreaves Lansdown and luxury goods retailers Burberry and Mulberry both taking a tumble on slowdown fears.
UK retailer Mulberry has issued a profit warning after a "greater than anticipated" decline in wholesale sales.