Family office Fleming Family & Partners has provided seed capital for the launch of the Investec Africa Fixed Income Opportunities fund.
Allianz Global Investors has appointed Greg Saichin as head of global emerging market debt, following his resignation from Pioneer Investments on Friday.
Aviva Investors has appointed Liam Spillane from Overlay Asset Management, formerly part of BNP Paribas Investment Partners, as emerging market debt currency portfolio manager.
ING IM has made a number of new appointments to its emerging market debt (EMD) team.
Mike Riddell, bond fund manager at M&G, has warned if emerging market debt outflows continue at their current pace or worsen, the effect on the asset class is likely to be "cataclysmic".
Standard Life Investments (SLI) has launched a local currency emerging market debt fund to complement its existing hard currency offering.
Emerging market debt managers have been taking underweight positions in local currency bonds as they expect the dollar to strengthen once the Fed turns off the QE tap.
Emerging market debt suffered its worst weekly sell-off for nearly two years in June, as investors reduced local currency exposure in anticipation of a rising dollar.