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Japan's currency has fallen to its lowest level against the US dollar since May 2009, as the Bank of Japan (BoJ) shifts to a more radical monetary easing policy.

Old Mutual Global Investors' (OMGI) fund of funds manager François Zagamé has swaped First State for Schroders to run an Asian mandate for his £1.2bn Voyager Global Dynamic Equity fund.

Ashcourt Rowan has hired Brewin Dolphin investment manager Harry Burnham, who will join the firm's board after being released by Brewin.

PIMCO has launched an Inflation Strategy fund for Mihir Worah in response to the threat of rising inflation across the globe.

Legal & General Investments (L&G I) has cut the annual management charges across its index fund range by five basis points, in a move to bolster the appeal of its passive proposition.

Research and investment house GaveKal Investments has launched a new fund for sophisticated investors that targets capital growth by moving long and short of equity market indices.

First State is considering moving Jonathan Asante's £4bn GEM Leaders fund out of the IMA Global Emerging Markets sector in order to combat capacity issues, Investment Week understands.

Jupiter is lining up a standalone global equity income vehicle after it was forced to shelve plans to convert its European Income fund into a global offering.

Royal London Asset Management (RLAM) is planning to launch an absolute return bond fund later this year for Paul Rayner and Craig Inches, Investment Week understands.