Investment

Neptune Investment Management's head of UK wholesale Adam Hughes has exited the group following a restructure of the business, Investment Week understands.

Credit risk seems to have taken a back seat recently, with even Lufthansa's junk-rated bond being massively oversubscribed. Using a metric like the Moody's Analytics expected default frequency measure could help passive allocators manage credit risk,...

Fund launch

The PIMCO Total Return bond fund shed a net $23.5bn in September, latest figures show, as outflows accelerated following Bill Gross' departure.

Challenger bank Virgin Money has announced plans for an initial public offering this month, committing to a progressive dividend policy in the process.

A string of fines and legal costs has obscured banks' true earning power in recent years. Moreover, banks are now run by prudent risk managers, argues Tony Coniaris from Harris Associates.

The Channel Islands Stock Exchange has been fined £190,000 for its role in the failure of the Arch cru funds.

Vanguard has expanded its exchange-traded fund range with four funds offering exposure to the UK, European and developed world equity markets.

Ian Cooke, chief executive of network Best Practice IFA Group, has called on the regulator to force asset managers to disclose their entire charge so it is transparent to customers.

GLG has made Rory Powe manager of its Continental Europe fund, following his move to the group in July.