IMA

Liquidity in the corporate bond market will never recover to 2007 levels because investment banks are now so risk averse, according to Legg Mason's global bond manager Ian Edmonds.

Net retail sales for August plunged to their lowest level since October 2008, new IMA statistics show, dragged down by record outflows from the UK All Companies sector.

Fidelity Worldwide Investment is planning to launch an Asian Dividend fund as it moves to compete with rivals such as Newton in this increasingly popular space.

SPECIAL REPORT

Hargreaves Lansdown is telling asset management groups they do not need to overhaul their internal fund rebate systems before the arrival of ‘RDR 2‘ in 2014.

The IMA has announced a series of changes to its board with the appointment of Andrew Formica, (pictured) chief executive of Henderson Global Investors, and Mark Zinkula, CEO of L&G Investment Management.

Marlborough's Giles Hargreave has been moving up the market cap spectrum in his Special Situations fund to boost liquidity, following a wave of inflows.

The Investment Management Association (IMA) has urged the Financial Services Authority to keep LIBOR in place but has called for the lending rate to be reformed.

UK asset managers are readying their contingency plans to cope with a possible ‘Grexit' as the beleaguered economy returns to the spotlight, despite ECB president Mario Draghi providing a boost for European markets last week.

BIG INTERVIEW