Investec

THE BIQ QUESTION

ON NORTH AMERICA

The deterioration of liquidity in bond markets has continued apace over the past year, leaving fund managers at risk of becoming forced sellers of bonds if there is a full-scale rotation out of the sector.

Royal London Asset Management's Martin Cholwill is backing wealth managers to outperform in the financial services space as he looks for stocks set to benefit from ‘survivor bias'.

MUNDY'S MOMENT

Investec Wealth & Investment's chief investment strategist Jim Wood-Smith has left the business.

Former Investment Management Association (IMA) chief Richard Saunders has joined Investec Asset Management's board as a non-executive director.

Investec Asset Management has launched an offshore version of John Stopford's Global Diversified Income fund.

DEMOGRAPHICS

Investec's Alastair Mundy has moved a significant portion of his £2.5bn Cautious Managed fund into gold bullion for the first time following savage price falls for the precious metal.