M&G

M&G has overhauled the yield target on its £528m Dividend fund to give manager Alex Odd greater flexibility.

Punch Taverns' bondholders are seeking to halt the ailing firm from selling pubs in its estate and instead arrange a debt for equity swap.

BUDGET BLOG

WHY UK HAS REAL RATE PROBLEM

M&G has appointed James Tomlins from Cazenove Capital Management to join its fixed income team on 20 June.

The £572m M&G Asian fund has delivered top-quartile performance over three years, returning an impressive 32.7% versus the Asia Pacific ex Japan sector average of 26%.

M&G has grown its operating profit to £284m in 2010 despite a decline in net inflows.

RATE HIKES IN EUROZONE COULD BE 'DISASTROUS'

Former M&G chief executive of equities Ed Rosengarten has joined Eden Group as the head of asset management.

The new Irish government could hit holders of bank debt with serious ‘haircuts', drying up bank funding and even derailing the European economic recovery, bond managers have warned.