Goldman Sachs Asset Management has launched a global income fund with the ability to invest in non-traditional asset classes.
BlackRock has hired Helen Zhu from Goldman Sachs as head of China equities for Andrew Swan's team.
Goldman Sachs Asset Management's global fixed income team has reduced exposure to high yield bonds this year due to concerns about valuations.
Henderson Global Investors has appointed a former Goldman Sachs Asset Management sales manager to its UK retail sales team.
Skagen Global has added a portfolio manager to its flagship team in the second appointment so far this year.
Goldman Sachs and Citigroup have both reported disappointing profits today, as income comes under pressure from a fall in bond trading.