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

Consumer lending: questions pile up for debt collectors
Cabot’s failed IPO has hit bonds across the debt collection sector – and made investors much more cautious. By Euan Hagger

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

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%

LFIS slashes minimum investment figures on €400 million of credit funds
La Française Investment Solutions has lowered the subscription amounts for two credit funds worth more than €400 million – and tweaked the fee section on certain fund documents

Pension service provider launches £320 million fixed income fund
The Local Pensions Partnership (LPP) in the UK has launched its inaugural fixed income fund at £320 million, according to a 6 March statement

Amundi appoints fixed income head in Munich
Paris-headquartered asset manager Amundi has appointed Tugrul Kolad as head of fixed income Germany, a spokesperson confirms

ICG names new non-executive director in London
ICG has announced a new hire to its London office: a director with significant experience in the asset management space, including a stint as chair at SVG Capital

SSGA appoints global head of institutional group
State Street Global Advisors has appointed former APAC head Lochiel Crafter as head of its Global Institutional Group. James MacNevin will now take over Crafter's former role 

KKR appoints new independent director
KKR has appointed French technology entrepreneur Xavier Niel to the Board of Directors of KKR Management

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