Hermes Real Estate has hired Aviva Investors' manager Philip Nell as a fund director charged with overseeing a new property portfolio at the group.
A stark warning from the IMF, as well as the latest major fund manager departure, have renewed concerns over how strategic bond funds will cope with a spike in yields.
What is proper portfolio diversification?
Which sectors are ripe for consolidation?
Hermes' Geir Lorde has said he is building his exposure to energy as valuations in the out-of-favour area are looking increasingly attractive.
Hermes is to soft close Jonathan Pines' $1.5bn Asia ex-Japan equity fund in May as inflows into the product accelerate, Investment Week can reveal.
Can Hermes challenge First State and Aberdeen?
Hermes Investment Management's Mark Sherlock has said the lag in US capital expenditure growth is still holding back stocks despite the strong equity market returns seen in recent years.
Super low interest rates distort industry values