News

ING Investment Management has launched duration-hedged share classes for a trio of its funds in a bid to give investors an alternative to short-dated bond funds.

Legal & General head of high alpha fixed income Richard Hodges is to leave the group in October.

Annuity provider Just Retirement has launched a one-year annuity following sweeping pension reforms announced in the recent Budget.

M&G's Richard Woolnough has said fixed income investors should overcome their fear of duration and embrace an expected uptick in 100-year bond issuance this year, but peers are sceptical about the bonds.

Twentyfour Asset Management has hired Pierre Beniguel as a new portfolio manager for its credit team.

HSBC Global Asset Management and Lloyd George Management have soft-closed their popular frontier markets strategies as the asset class sees a surge in inflows, Investment Week can reveal.

While markets across Europe took a break over the long Easter holiday, Asian markets fluctuated between gains and losses, weighed down by expected weak Chinese manufacturing data to be released this week.

The UK's ongoing recovery from one of its worst spells for decades could give the Chancellor room to cut taxes by £7bn in 2015, a leading consultancy has said.

Tax relief on pensions should be replaced by a Treasury contribution of 50p per £1 saved, argues a radical report by Michael Johnson for influential thinktank the Centre for Policy Studies (CPS).

GlaxoSmithKline, the UK's largest pharmaceutical group, and rival AstraZeneca, saw shares jump sharply - with the latter up 10% - as a series of deals in the sector boosted prices.