Morningstar

J.P. Morgan Asset Management (JPMAM) has hired the head of Bank of America Merrill Lynch's global equity sales desk as co-manager on its £86m Global Equity Income fund.

Miton's Martin Gray said he has struggled to find value anywhere in the market in recent months, with his funds taking a performance hit as a result of his defensive positions.

THE BIG QUESTION

The £5.3bn Findlay Park American fund is set to cut performance and exit fees as it shifts to a total return benchmark index.

THE BIG INTERVIEW

Price falls create attractive entry point into lesser-known bonds.

PSigma Investment Management CIO Tom Becket has sold out of the £11bn Invesco Perpetual Income fund after ten years following news of manager Neil Woodford's departure.

Invesco Perpetual is to change the name of Paul Causer and Paul Read's top-performing European High Yield bond fund to better reflect its global investment approach.

BONDS

Former Morningstar OBSR employees Peter Toogood and Gill Hutchison are to join City Financial next month.