currency

Stephane Fertat, portfolio specialist for fixed income at T Rowe Price, has revealed the group's global bond funds have cut exposure to a number of emerging market currencies in recent months.

Stephane Fertat, portfolio specialist for fixed income at T Rowe Price, has cut exposure to a number of emerging market currencies in recent months.

CURRENCIES

RWC managers Peter Allwright and Stuart Frost have left the company and their Cautious Absolute Rate and Currency fund has been put under review by the group.

The pound has slid sharply over the last few weeks versus a basket of currencies, while the US dollar has continued its 2013 resurgence, but where are the screaming buys in currency markets now?

Legg Mason has launched an offshore version of its Legg Mason Income Optimiser fund, also to be managed by Regina Borromeo.

Aggressive selling of sterling following last week's guidance on rates from the Bank of England has taken the pound to its lowest level in three years versus the dollar in trading today.

The pound has fallen further against the dollar in early trading, deepening a slump that began yesterday after the Bank of England reassured investors about the future path of the base rate.

Kleinwort Benson has hired Fadi Zaher from Barclays Wealth & Investment Management as head of bonds and currencies.

ING IM has hired a new head of emerging market debt(EMD) from Aviva Investors.