US hedge fund billionaire Marc Lasry is planning to launch a distressed debt-focused investment trust for the UK market in September, Investment Week understands.
Part II: Where is the best value: Large, mid, or small caps?
Part II: Is peripheral Europe overvalued?
Investors have been selling out of Russian equities since the country's stand-off with neighbour Ukraine escalated in early March and caused shares to plunge, but one fund manager has been buying back in despite ongoing tensions.
Bond managers are becoming more bearish on peripheral Europe corporate debt, turning to core names and the US as spreads tighten to post-crisis lows.
ETF flow data from iShares reveals investors have been selling equities and buying bonds in the first quarter of the year, with the five top-selling ETFs all belonging to the fixed income space.