Investec

Investec Asset Management's John Stopford says the group has been selling European and US government bonds as fears over the economic slowdown have become "overdone".

Independent providers of structured products could see biggest threat to business model yet as sector comes under RDR spotlight

Investec Asset Management, which runs more than $5.3bn in active currency funds, is retaining its short position on the Australian dollar as the country faces its first hung parliament since the Second World War.

THE BIG QUESTION

Sterling hit a six-month high against the dollar today as poor US economic data continues to weigh on the currency.

FIXED INCOME

Cazenove has appointed John Warren from UBS to work alongside small and mid-cap manager Paul Marriage.

Investec's John Stopford believes UK index-linked gilts continue to offer good value after the DMO raised £6bn in a sale of the securities yesterday.

Managers expect the gold price to rebound back to all-time highs in the current uncertain environment, despite the dip seen over the past month.

Fund rationalisation is expected to continue in the near term after the number of closures and mergers last year climbed to its highest level since 2005.