currency

Barings Asset Management has appointed former Credit Suisse AM fixed income managing director and COO Harjeet Heer as its global aggregate business head.

Pictet Funds is launching a fund to take advantage of fast-developing local currency debt markets in Latin America, it was announced today.

The IMA says the FSA should allow hedged share classes for open ended funds to ensure London does not lose out to financial centres such as Dublin and Luxembourg.

Falls in the dollar may have made it more difficult to reconcile investment returns in sterling terms, however, there are some investments able to withstand the pressure.