Insight investment

Patrick Cooper, chief executive and co-founder of Distinction Asset Management, has stepped down from the company, Investment Week understands.

ON UK INCOME

CURRENCIES

Insight's multi-managers have opened a new position in the Neuberger Berman Global Floating Rate Income trust, the largest investment trust IPO the market has seen this year.

ON BONDS

Insight Diversified Target Return fund is moving from the IMA Cautious Managed sector to the Absolute Return peer group to better reflect its investment process.

Richard Howarth is poised to increase the gross exposure of the Absolute Insight UK Equity Market Neutral fund following a drop in volatility across markets.

ON ASSET ALLOCATION

Intervention by the G7 and Bank of Japan to stabilise the yen following the Japanese earthquake means the easy money had now been made trading the yen, says Insight's Dale Thomas.

Inflation is the only way to reduce the high debt to GDP forecast for the UK and US, which is set to match that of Greece by 2014, says Distinction Asset Management's Ana Armstrong.