News

Allianz Global Investors (Allianz GI) has cut its staff numbers by 150 as part of a strategic overhaul of the business.

Ashmore Investment Management, an emerging markets specialist, has launched a SICAV fund investing in Turkish equities.

EMs

The FTSE 100 has rallied strongly on positive manufacturing data from China, as well as the prospect of Vodafone's deal to sell its holding in Verizon Wireless.

Kames Capital has reshuffled its high yield investment team, after hiring Stephen Baines from Oriel Asset Management as fixed income manager.

Multi-asset managers have revealed their strategies as tensions mount in Syria and policy issues resurface in the US.

Asia specialist Agnes Deng has left Baring Asset Management, handing her $2.3bn Hong Kong China fund to Laura Luo who joins the group from Schroders.

Exposure to financials has been the key performance driver for Kevin Doran's IFDS Brown Shipley Sterling Bond fund, which has gained the top spot in the IMA £ Corporate Bond sector this year.

Positive data pointing to the increasing pace of the UK economy is putting the Bank of England (BoE) under greater pressure to rein in market expectations of an interest rate rise.

Former Investec energy specialist Mark Lacey is to join Schroders.