News

Invesco Perpetual's Paul Read is maintaining high liquidity levels across all the group's bond funds at the start of this year as "difficult" markets persist.

Pictet Asset Management has poached emerging market debt specialist Luke Chua from Schroders.

The US dollar is closing in on a five-year high versus the yen, with gold heading towards a one-year low, ahead of the release of minutes from the Federal Reserve's historic December meeting.

Brooks Macdonald is set to launch an actively-managed UCITS core property fund aiming to achieve yields of up to 5.5% via its new joint venture North Row Capital.

Allfunds Bank has appointed Danny Wynn, former platforms director at Legal & General, as head of fund groups for UK, Ireland and Middle East.

Carmignac Gestion has brought in a new London-based European equities team to replace its existing managers in an attempt to improve the performance of its funds.

Asset under management in gold exchange-traded products (ETP) almost halved during 2013 as gold prices dived, driving investors out of the asset class.

Troubled property firm Brandeaux is to wind up six of its long-suspended property funds following calls from investors wanting to exit the vehicles.

Treasury committee chairman Andrew Tyrie has called on the regulator to scrap the "fundamentally flawed" approved persons regime for advisers and instead align the sector with standards being introduced for the banking industry.

Former F&C marketing head Tracy Fennell has joined Royal London Asset Management (RLAM).