Newton's Paul Brain is building up his exposure to the renminbi on expectations it will continue to appreciate against the US dollar.

Legal & General Investment Management's Mark Burgess has joined Threadneedle as chief investment officer.

William Calvert and his Axa Framlington emerging markets team are joining Polar Capital in October.

INDIA

Emerging markets specialist Mark Mobius says appreciation of the renminbi is likely to be "gentle and controlled" and does not significantly alter his view on Chinese shares.

Cazenove's Peter Harvey is taking a 21.1% overweight position in bank bonds, as the UK Government prepares to crackdown on risk taking in the sector.

Policymakers including the Bank of England are underestimating the risks to recovery of international efforts to recapitalise banks, says Lombard Street Research.

The manager of the £199m M&G Global Emerging Markets fund has taken an underweight stance to China in the view valuations are more attractive in other Asian countries.

Liontrust is planning to launch a credit fund in the third quarter, despite axing Ross Hollyman's newly-hired global equities team to concentrate on existing offerings.

Jupiter has made three new appointments with the hire of Kathryn Langridge and the promotion of two co-managers to Tony Nutt's Distribution fund.