Schroders strengthens fixed income team in London
Global investment manager Schroders has strengthened its global multi-sector fixed income team and has appointed Robbie Boukhoufane and Alan Wilson as portfolio managers

Prytania lands in the US with MD hire to New York office
London's Prytania Asset Management has hired Fahd Basir as managing director to lead its New York office

79% of credit managers expect US high yield to widen, survey reveals
The International Association of Credit Portfolio Managers (IACPM) has revealed the results for its latest IACPM Credit Outlook Survey – and the outlook appears to be bleak

Pimco appoints former Millennium PM to head European high yield
David Forgash joins Pimco in a newly created role as head of European high yield portfolio management

French manager liquidates share class on €167.2 million corporate credit fund
A Paris-based manager has jettisoned a share class on a €167.2 million corporate credit fund that invests in bonds, credit default swaps, shares and share options

Man Group's assets surge 3% in first quarter as the hedge fund hits $112.7 billion
Man Group, the world’s largest listed hedge fund, has reported a 3% rise in total assets in first quarter 2018 despite a weaker market for equities and momentum strategies

State Street MD resurfaces at large German investment company
In his new role, Marcus Kuntz will set up a new team in Luxembourg and Frankfurt

Former BNP Paribas global credit head lands new role at Chenavari
A former global head of credit markets at BNP Paribas has been appointed as head of strategic development at Chenavari Credit Partners

Deutsche Bank names new CEO to replace outgoing John Cryan
Deutsche Bank has appointed Christian Sewing as its new chief executive officer. Sewing succeeds John Cryan – who will leave the bank at the end of this month

Baillie Gifford renames corporate bond fund following PM's retirement
Edinburgh-based Baillie Gifford has announced a name-change for its the Baillie Gifford Corporate Bond Fund, which will now be known as the Baillie Gifford Strategic Bond Fund

Nomura and Investec report 48% gender pay gap
With the deadline for UK companies to publish their gender pay gap reports looming at midnight tonight, a slew of asset management firms have filed reports showing male employees are paid up to 49% more than their female counterparts

T. Rowe to reduce assets and change investment objective for bond mega-fund
T. Rowe Price is seeking to change the investment objective on its $2.65 billion International Bond fund – while also reallocating $850 million in assets away from the fund

Columbia unveils new Luxembourg-domiciled global credit strategy
Columbia Threadneedle has unveiled its newest credit fund, which will emulate the investment approach taken by its €2 billion predecessor fund

Former CQS credit CIO Finch joins Man GLG in top credit role
Man Group has hired Simon Finch as CIO of credit at its Man GLG unit

Investec hires former GSAM official to its UK strategic client group
Investec Asset Management has further expanded its UK institutional presence with hire of Alastair Leather, who was previously an executive director at Goldman

Hermes to debut ESG unconstrained credit fund
Hermes Investment Management is set to launch an unconstrained credit fund this year

UK and German firms team up to launch global ESG fixed income fund
London-based manager J8 Capital Management and Frankfurt-based investment company Universal-Investment are to launch a new fixed income fund, the companies announced on Wednesday.

Citi hires UBS's Merran as European ETF credit trading head
Citi has hired former UBS’ Melvyn Merran as European head of credit trading for ETFs, a spokesperson for Citi has confirmed.

EU money market fund reform not a cause for concern, says SSGA
Investor sentiment is split over the European Union’s incoming Money Market Fund (MMF) reform – but it’s a positive development, insists State Street Global Advisors’ head of cash for EMEA

High Ucits fees? Change strategy or face liquidation, report suggests
Substantially high fees on Ucits have led some funds to merge or liquidate, France’s stock market regulator says

Capital Four fund soft closes at €350 million
Copenhagen-based Capital Four Invest has recommended a soft close for its Luxembourg-domiciled Credit Opportunities Fund following its growth to €350 million

Deutsche Bank looks to raise up to €1.8 billion in partial IPO of DWS
Deutsche Bank has unveiled further details of the Initial Public Offering of its asset management business, as well as a deal with Japanese insurer Nippon Life

Capital Four credit fund reaches capacity after investors pile in
Danish credit manager Capital Four has hard closed its Credit Opportunities Fund at €500 million, just weeks after announcing the soft closing of that same fund at €350 million

Cigarette break: Dutch manager excludes tobacco investments from fund line
 Robeco has become the latest asset manager to oust tobacco investments, making the exclusion from its entire mutual fund line

Search for a new CIO is on as Fidelity International's fixed income head retires
Fidelity International’s fixed income chief investment officer Charles “Chuck” McKenzie is set to retire after four-and-a-half years with the firm