News

Bank of England deputy governor Paul Tucker has denied being asked by government officials to encourage banks to lower LIBOR submissions at the height of the crisis in 2008.

Investec's Alastair Mundy has stepped down from his role as manager of the Investec Managed Distribution fund, handing the portfolio to John Stopford and Max King.

M&G's Richard Woolnough said the possibility of another £375bn in asset purchases by the Bank of England means gilt yields could remain at record lows for years to come.

Aviva Investors is shutting its Absolute Tactical Asset Allocation fund range on 11 July as a result of sub-scale net asset value.

J.P. Morgan Asset Management (JPAM) has launched an emerging market income fund for Richard Titherington.

Spanish 10-year bond yields have shot above the 'unsustainable' 7% mark, ahead of a crunch meeting between European finance ministers this afternoon.

John Duffield's firm Brompton Asset Management is to launch three multi-manager funds into the market, marking his first foray back into the retail space since the sale of New Star.

Three senior fixed income heads have all exited Aberdeen Asset Management following a restructure of its global fixed income team.

J.P. Morgan Asset Management (JPMAM) is to launch an investment-focused outsourcing solution for advisers ahead of RDR.

Rob Page, partner at Jeremy Lang and William Pattisson's Ardevora boutique, is leaving the firm.