Schroders is planning to create a multi-manager product based on its popular Income Maximiser range, which would offer investors a 7% yield and monthly income distribution.

Investec Asset Management, which runs $5bn of emerging market debt assets, is launching a blended local currency and hard currency EMD strategy.

Alastair Mundy, manager of the Investec Cautious Managed fund, believes lowly valued blue-chip equities are possibly the best hedge against any future economic or market uncertainty.

Schroders has unveiled its third yield enhancing Income Maximiser unit trust, which is based upon the group's Global Property Securities fund.

RWC Partners is continuing to build on its record AUM levels as the group sees strong investor demand for Nick Purves and Ian Lance's new income products.

A vehicle linked to hedge fund manager John Zwaanstra, a former protégé of George Soros, has emerged as the mystery buyer of a 5% stake in Gartmore.

The decision to cut Ross Hollyman's global equity team, which ran less than $1m of internal money, has cost boutique manager Liontrust £781,000.

Tony Maddock, the head of wholesale at SWIP, is moving to Lazard Asset Management to lead the group's third party distribution.

FSA chairman Adair Turner says Britain's banks are not disturbingly exposed to Irish banks or Irish government bonds.

Invesco Perpetual head of investment Neil Woodford is warning investors to not get overly carried away by the China growth story, believing the burgeoning country still faces "huge challenges".