Barings

Bond fund managers have been returning to emerging market debt in the last few days following the dramatic sell-off in the sector, after a strengthening dollar sent prices spiralling.

Baring Asset Management (Barings) has revamped its emerging market equity team, hiring a new head to replace outgoing Roberto Lampl.

ON ASIA

Barings' Ian Pascal is joining Hermes Fund Managers as head of marketing and communications, replacing Rob Page who exited the firm in April to join Henderson.

THE BIQ QUESTION

ON EUROPE

Kira Nickerson discovers that some fund managers are beginning to re-examine this previously unpopular asset class.

Former top drugs adviser to the government David Nutt has made a controversial claim that the financial crisis was caused by bankers' habitual use of cocaine, the Telegraph reports.

Nick Leeson, the trader whose wrong-way bets on Japanese stocks ruined Barings Plc, is joining a mediation firm to advise Irish borrowers looking to renegotiate debts following the real estate collapse, according to reports.

Barings has added a multi-asset fund to its range with the launch of a Euro Dynamic Asset Allocation fund.