News

Aegon Asset Management's new hire, Stephen Snowden, has warned the Italian bond market could face a Northern Rock-style collapse if investor sentiment weakens further.

F&C Investments has appointed a new head of emerging market debt following the departure of Helene Williamson to First State.

Castlestone Management chief executive Angus Murray is to step down, replaced by director of global sales Jerry Devlin.

Aegon's pre-tax underlying earnings have fallen by €13m in the second quarter, to €401m, after the business was impacted by falls in the dollar and hefty charges for administration problems.

Alex Ingham has left Aviva Investors to join Lazard Asset Management where he will launch a small-cap emerging markets fund for retail investors.

The UK shrugged off another brutal session in the US where the Dow Jones closed 520 points lower in overnight trading after climbing 2%.

Politicians and traders have cut short their holidays to address the sharp falls in markets seen since the start of the month - but should they have stayed on the beach?

First State Investments has made a move into the onshore fixed income space with the launch of a London-based emerging markets team, led by ex-F&C manager Helene Williamson.

Global markets have slipped back into the red after the Dow Jones posted heavy losses on the opening bell, as fears of a double-dip recession intensify.

GMO's Jeremy Grantham has said the S&P 500 is still heavily overvalued, and "worth no more than 950".