Aberdeen Asset Management’s Asia Pacific team, run by Hugh Young, has been given a vote of confidence by Witan Pacific Investment Trust, while Witan Pacific’s other existing manager, Nomura Asset Management UK, has been dropped.
Morningstar OBSR has put the rating of the AllianceBernstein American Growth Fund under review following news the manager Scott Wallace departed the firm.
Crispin Odey has changed the mandate on his flagship European hedge fund to include a maximum of 50% invested outside Europe, as he predicts anaemic growth will continue in the region.
SWIP has taken two more funds away from Peter Cockburn as it continues its equities investment restructure.
Cazenove Capital is to launch a second model for its head of credit Peter Harvey in a move that will bring him in line with his colleagues and satisfy clients looking for unconstrained access to bond markets.
iShares has listed Europe’s first ETF in Europe that provides access to emerging market corporate bonds denominated in dollars.
Financial services group Nordea has launched an actively-managed European government bond fund which assesses risk based on credit default swap spreads, rather than relying on data from third-party credit rating agencies such as Fitch, Moodys and Standard & Poors.
Corporate bond issuance from high-quality companies is so scarce at the moment that Schroders’ recently launched Strategic Bond Fund is only around 60% invested, manager Gareth Isaacs has revealed.
Iveagh, the fund management business backed by the Guinness family has removed the performance fee from its Wealth Fund, which was previously 10% over hurdle.
HSBC has launched the first international renminbi (RMB) bond outside Chinese sovereign territory, a move it said signalled a significant step in the internationalisation of the currency and in the development of London as an RMB centre.
The renaming of British Portfolio Trust to BlackRock Income & Growth Investment Trust has been approved by shareholders following the appointment in March of the fund giant as its investment manager.
Schroders has unveiled its new go-anywhere Global Multi-Asset Income Fund for manager Aymeric Forest.
