News

Legal & General Investments (LGI) is set to launch an index fund linked to the highest quality issues in the sterling corporate bond market at the end of the month.

Barings has hired Christopher Mahon from RMB Asset Management to replace Toby Nangle, Investment Week understands.

Former Chancellor Alistair Darling has written an open letter to his successor George Osborne warning he must change course on the economy now or cause "immeasurable damage".

Former Barclays chief Bob Diamond has hit back at MPs' claims he was "highly selective" in his evidence to the Treasury Select Committee during the LIBOR rate-rigging scandal.

Lord Rothschild has taken a near £130m bet against the euro through RIT Capital Partners, the £1.9bn investment trust of which he is executive chairman.

Legal and General Investment Management's credit strategist Ben Bennett discusses whether the insatiable demand for fixed income assets can be sustained.

A compliance officer has received a partial prohibition from the Financial Services Authority (FSA) for failing to prevent unregulated collective investment scheme (UCIS) mis-selling by one of his firm's directors.

Robin McDonald, co-head of the multi-manager range at Cazenove, has said investors should not hold out for further stimulus from the Federal Reserve as he believes it has ceased its policy to weaken the US dollar.

HSBC Global Asset Management has announced plans to launch an Indian bond fund, giving UK retail investors access to the market for the first time.

Legg Mason's fixed income specialist subsidiary Western Asset Management has boosted its Asian fixed income team with four hires.