News

Fixed income managers have expressed concerns over a new initiative to boost shrinking liquidity in bond markets, fearing the inclusion of 15 banks will cause price swings in the market.

Fund managers are concerned the Chinese central bank's shock move to devalue its currency could lead to the renminbi depreciating further, sparking heightened capital flight from the region and the rest of Asia.

Old Mutual Global Investors' head of equities Richard Buxton has begun buying back into oil companies to take advantage of the undervalued mega caps.

Sanlam Wealth Planning, the restricted advice arm of Sanlam UK, has acquired financial planning firm FA Watts Investment Managers.

M&G has seen £3.4bn retail net outflows in the first six months of the year and has warned profits are expected to be "dampened" for the rest of the year as investors continue to shun fixed income funds.

GAM has acquired the $1.2bn real estate finance arm of London-based asset manager Renshaw Bay as it seeks to broaden its business.

Global economist Nouriel Roubini argues that rating agencies are no longer fit for purpose as they are 'backward looking' and have managed to escape any real scrutiny following the financial crisis.

Neil Woodford's Patient Capital Trust is to issue new shares in a tap issuance programme to satisfy 'excess demand' from investors.

China has surprised investors by weakening its currency almost 2% lower after a weekend of poor trade data, sending shockwaves through other Asian currency markets.

Old Mutual Global Investors is to open its first Scotland office in Edinburgh as a new home for Russ Oxley and his fixed income team.