Old Mutual

Old Mutual Wealth's CEO has said the government's pension reforms have been like a 'shot of adrenaline' for the financial services sector, as the group reports strong sales of pension products in Q1.

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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.

Old Mutual Global Investors (OMGI) is to create an investment solutions team headed up by Stewart Cazier, who will move across from Old Mutual Wealth along with his team next month.

Old Mutual Global Investors' fixed income director Stewart Cowley is to leave the group in June.

Old Mutual group chief executive Julian Roberts is to step down in the fourth quarter of 2015, to be replaced by Standard Bank executive Bruce Hemphill.

Edinburgh-based boutique Aubrey Capital Management, which was founded in 2007 by a group of former First State managers, has launched a concentrated global emerging markets fund with an initial $50m of seed money.

Old Mutual Global Investors (OMGI) has changed the dealing frequency on its $3bn Global Equity Absolute Return (GEAR) fund, extending its capacity beyond a previously suggested limit.

Dan Nickols manager of the Old Mutual UK Smaller Companies fund, asks if UK smaller companies should realistically be trading at a discount to their large cap peers

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