Managed solutions

Emerging market sovereign bonds have become overpriced following a surge in inflows as investors hunted for higher yields, City Financial's head of multi-asset Mark Harris has said.

UK equity manager James Clunie has left his role at Scottish Widows Investment Partnership (SWIP) to join Jupiter Asset Management.

Artemis Investment Management has waived initial charges across its fund range, which includes high profile vehicles such as Adrian Frost and Adrian Gosden's £620m Artemis High Income fund.

Life and pensions specialist LV= has strengthened its partnership with the Tenet Group.

Threadneedle's Michael Poole is to become lead manager on the group's £790m European High Yield Bond fund as Barrie Whitman steps back.

Close Brothers Asset Management (CBAM) has entered into a strategic partnership with insurance and pension provider Aegon.

Standard Life Investments (SLI) has closed down six manager of managers funds it had outsourced to Wilshire Associates.

Fitch has cut China's local currency rating from AA- to A+, amid concerns the country is not doing enough to address its soaring debt levels.

Stirling House Financial Services is launching five new fund of funds aimed at private clients, to be managed by Sarasin & Partners.

MULTI-ASSET