News

Jupiter has hired two managers from RWC Partners to run new global convertibles and multi-asset strategies.

Political risk in some of the biggest developing countries is on the rise, warns First State's global emerging markets team.

Thames River's Peter Geikie-Cobb is looking to rebuild the US dollar exposure of his Global Bond fund to 75% over the coming month, having trimmed it to 50% in May.

The IMA is considering overhauling its sector classifications to account for greater use of synthetic investments since the arrival of Ucits III powers.

Barings is to convert its Emerging Market Income fund into an Emerging Markets Debt Local Currency fund to meet increasing investor demand for the asset class.

Fund managers are expecting sterling to bounce back later this year after being one of the casualties of strong currency volatility this year.

The UK's leading income managers say investors should remain confident about dividend growth in 2010 and beyond, despite growing fears last week income giant BP, as well as many European players, may be forced to cut or pass payouts.

M&G has launched a Ucits III version of a global macro strategy it has run successfully for the Prudential life fund for a decade.

Jupiter's six most senior fund managers are set to hold a stake worth £140m as the group set the price range of its IPO at 150p and 210p per share last week.

M&G has recorded net inflows of £3.4bn over the first five months of the year.