Hermes' co-head of credit Fraser Lundie is buying into BB bonds over fears of a ‘race to the bottom' in high yield credit.

Fund buyers are increasing their exposure to absolute return equity funds to take advantage of sharp falls by companies which miss earnings estimates.

Alliance Trust may be faced with more hostile corporate action after a US hedge fund declared a 10% stake.

St James's Place has said it is close to a decision on the future of the segregated mandates run for the wealth manager by Invesco Perpetual's Neil Woodford.

Infrastructure trusts could face ‘haircuts' to NAV if rates rise and inflation assumptions are revised down, analysts have warned.

Emerging markets specialist Ashmore recorded outflows of almost $3bn in the six months to 31 December as the sell-off in the asset class continues.

ONE TO WATCH

Property specialist Brandeaux is considering listing the assets of its stricken student property fund as it seeks alternative options for the suspended portfolio.

Three Co-operative fund managers have left Royal London Asset Management following the integration of the two businesses.

Sterling fell slightly against most major currencies this morning after the Office of National Statistics reported higher-than-expected unemployment figures.