UK funds brace themselves against value-for-money ruling
The UK’s Financial Conduct Authority (FCA) has published its final set of fund governance rules that aim to strengthen the duty of authorised fund managers to their investors.

Fulcrum launches new multi-strat fund with daily liquidity
Fulcrum Asset Management has launched TM Fulcrum Diversified Liquid Alternatives Fund, which will invest across real assets, alternative credit and diversifiers

Pictet launches Asian corporate bond fund
Geneva-headquartered Pictet Asset Management has launched a Ucits-compliant Asian corporate bonds fund

London-based boutique manager launches emerging markets Ucits fund
EG Capital Advisors takes bottom-up approach for $75 million emerging markets high yield Ucits fund

Quant giant AQR launches first fixed income fund
Quant specialist AQR Capital Management has entered the fixed income world, launching a new product called the Core Plus Bond Fund

Canada’s Fiera generates 10% AUM growth in 2017
Montreal-based asset manager Fiera Capital Corporation has increase its assets under management by 10% year-on-year and grown its annual revenues by 33% on a year-over-year basis, its latest financial report reveals

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

Hong Kong's Tor raises $150 million for latest credit fund
A Hong Kong-based firm’s recently launched credit fund has raised sales of $150 million, hitting the halfway mark of its anticipated fundraising, according to a market source

Nordea turns its focus to Latin America with new corporate bond fund
Nordea Investment Funds has launched a new Latin American corporate bond fund, in collaboration with Chilean group Bice Inversiones

Pimco hires United Nations director in move to expand ESG capabilities
Fixed income giant Pimco has hired a former United Nations director as it builds out its environmental, social and governance (ESG) platform for investors seeking socially responsible investments.

UK pension mega-fund to increase credit allocation following equity reduction
One of the UK's largest pension funds looks set to increase its allocation to credit after reducing its equity allocation by 15%

Canadian asset manager acquires Asian private credit specialist Clearwater
In a bid to gain entry to the Asian private credit market, Canadian investment firm Fiera Capital Corporation has acquired Asian credit specialist Clearwater Capital Partners

Manchester pension fund awards Stone Harbor £1 billion multi-credit mandate
A £21 billion UK pension fund has appointed global fixed income specialists Stone Harbor Investment Partners to manage a £1 billion multi-asset credit mandate

Bless the bonds down in Africa, urges Botswana firm launching two debt funds
An Africa-focused asset management company run by a former Investec and T Rowe Price professional is promoting the launch of one debt fund – and says it now plans to launch another

BNP Paribas entity winds up debt fund after falling short of AUM requirements
BNP Paribas Asset Management India has wound up an open-ended mutual fund that was launched in 2013 to invest in government securities issued by central and state government

BlueMountain hires former Pine River credit specialist
BlueMountain Capital Management has hired credit specialist Colin Teichholtz as global governments and agency mortgage-backed securities head

Cleveland multi-boutique announces pricing of its IPO
Victory Capital, which provides offerings including separately managed accounts, collective trusts, mutual funds, ETFs and UMA/SMA vehicles, announced the pricing of its initial public offering of 11.7 million shares of its Class A common stock at a public offering price of $13.00 per share

European manager launches global credit fund
London-headquartered Mirabaud Asset Management yesterday launched a new Global Diversified Credit Fund, further committing to its fixed income strategy.

Morgan Stanley Wealth to trim hundreds of mutual funds from its platform
Morgan Stanley Wealth Management is preparing to pull around 600 mutual funds funds from its platform, Creditflux understands

JP Morgan AM launches new multi-asset investment trust
A manager's best mate is its fund: JP Morgan AM launches Multi-Asset Trust (Mate)

Brokerage Exotix appoints global head of fixed income
London-based Exotix Capital has appointed Dean Tyler as global head of fixed income

Candriam hires executive officer for Switzerland
Pan-European multi-specialist asset manager Candriam Investors Group, owned by New York Life Management, has appointed Jog Allenspach as executive officer Switzerland

Pimco interval fund seeks SEC order allowing it to issue further share classes
The Pimco Flexible Credit Income Fund has sought permission from the SEC to issue further classes of shares

Credit markets ignore geopolitical exposures, suggests Guggenheim
Global credit spreads have spent 2017 tightening, but markets may be ignoring certain risks, according to Anne Walsh, chief investment officer for Guggenheim’s fixed income unit