BNP Paribas

Arbitrageurs have renewed their attacks on the beleaguered hedge fund investment trust sector after discounts widened, putting a number of vehicles in danger of closure by the end of the year.

SVM Asset Management has promoted two investment analysts to deputy managers to assist Neil Veitch and Hugh Cuthbert on the management of their flagship funds.

The drive to reduce operational risk in an evolving regulatory landscape is creating huge challenges for institutional investors and asset managers.

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Mirabaud Asset Management has poached AXA Investment Management's Anu Narula to run a new global equity portfolio.

Legal & General Investment Management hired Emiel van den Heiligenberg from BNP Paribas Investment Partners as its head of asset allocation.