A lack of growth in global productivity is even more of a worry than the impact of rising interest rates, according to Hermes Sourcecap CEO Andrew Parry.
The deterioration of liquidity in bond markets has continued apace over the past year, leaving fund managers at risk of becoming forced sellers of bonds if there is a full-scale rotation out of the sector.
A lack of growth in global productivity is even more of a worry than the impact of rising interest rates, according to Hermes Sourcecap CEO Andrew Parry.
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.
Hermes has listed its 11-strong suite of UCITS funds in the IMA sectors, ramping up its push into the UK wholesale market just as Jupiter's John Chatfeild-Roberts buys into one offering.