News

M&G's Richard Woolnough will see his Corporate Bond fund swell to nearly £5bn as part of a series of mergers being carried out by the group.

Skandia Investment Group (SIG) has handed mandates to Jupiter's Cédric de Fonclare and Mandarine Gestion's Marc Renaud in a shake-up of its €590m European Best Ideas fund.

Schroders has expanded its fixed income team after poaching Bob Jolly from UBS.

The euro slumped today as eurozone finance ministers postponed Greece's €12bn bailout package until the country implements tougher austerity measures to curb its soaring deficit.

Three MAM Funds portfolios, including Martin Gray's £619m Miton Special Situations fund, hold a total 12% stake in Gervais Williams' Diverse Income trust, which listed in April.

Fidelity has launched an onshore OEIC version of its $700m Emerging Asia fund, run by Teera Chanpongsang, after three years of outperformance from the offering.

Rathbones is preparing to add a third fund to its multi-asset range, to be run by investment director David Coombs.

Leading fund managers are moving to snap up ‘cheap' UK banks after a dismal year which saw them drop in value as markets raced higher.

Investec Asset Management has expanded its range of emerging market debt funds with the launch of an investment grade debt fund for Peter Eerdmans.

The International Monetary Fund has cut its forecast for US growth after unexpected economic weakness and European woes.