Allianz Global Investors will reopen its soft-closed renminbi bond fund to investors on 6 August due to redemptions and increased liquidity in the market.

Imminent plans for another round of US quantitative easing were ruled out yesterday following the publication of the US Federal Reserve minutes, disappointing markets.

PROFIT WARNINGS

Aviva Investors is shutting its Absolute Tactical Asset Allocation fund range on 11 July as a result of sub-scale net asset value.

Three senior fixed income heads have all exited Aberdeen Asset Management following a restructure of its global fixed income team.

The Serious Fraud Office will launch a criminal investigation into the manipulation of the benchmark lending rate.

Scottish Widows Investment Partnership (SWIP) has outlined the shape of its restructured equities offering.

The International Monetary Fund is set to revise down its global growth forecast as economic conditions deteriorate.

Allianz Global Investors has hired a specialist infrastructure debt team to establish an investment grade debt platform.

UBS has closed its underperforming Absolute Return Bond offering after assets dwindled to £15m.