The steep rise in M&A activity among European corporates over the past 18 months is attracting a lot of attention – and dividing opinion. Mike Della Vedova, manager of the T. Rowe Price European High Yield Bond Fund, speaks to Investment Europe about the implications for corporate bonds. Continue reading “Bondholders should not fear European M&A wave”

Neuberger Berman has launched a new bond fund aimed at the Asian hard currency bond market to capitalise on the increasing depth and liquidity available in the region, reports Citywire Global. The Neuberger Asian Debt – Hard Currency Fund is part of wider plans to offer further strategies centred on the region. Continue reading “Neuberger Berman unveils Asian hard currency debt fund”

Neuberger Berman has boosted its EMD offering with the launch of an Asian-focused fixed income UCITS fund, reports Investment Week. The Asian Debt Hard Currency fund will invest in government and related debt, corporate debt, and the investment grade and high yield spectrum, and will be lead by Prashant Singh. Continue reading “Neuberger Berman launches Asian Debt fund”

With the UK pension fund deficit standing at £254 billion and the defined pensions problem set to continue into 2025, Redington co-CEO Rob Gardner tells Modern Investor it is time to envisage a new era of synthesis if we are to overcome what is now the biggest issue facing the industry. Continue reading “It’s time to do things differently, says Redington co-CEO”

As the government considers what changes to make to pension tax, pensions consultant Redington believes it is focusing too much on tax relief. As a solution to save workers from poverty in old age, investment consultant Patrick O’Sullivan instead suggests people should give up 10% of their salary for a tax-free pension. Continue reading “Would you save 10% of your wages for a tax-free pension?”

Currency weakness has been a significant drag on consumer businesses over the last two years. However, currency headwinds will ultimately ease and turn to tailwinds, Evenlode’s Hugh Yarrow tells Morningstar. Continue reading “Evenlode: Don’t write off consumer stocks for income”

UK investment consultant Redington has appointed Nick Samuels to lead its equity manager research in a new role marking an expansion of their research coverage, reports Citywire Modern Investor. Continue reading “Redington appoints new head of equity manager research”

Nick Samuels was named a director on the manager research team at Redington and will lead its equity manager research, reports Pensions & Investments. Continue reading “Redington names director of equity manager research”

A quiet revolution is happening in hedge funds, reports Neuberger Berman’s Fred Ingham. He explains to Portfolio Institutional the investor base is growing broader and more exclusive, while the way investors allocate to the asset class is changing. Continue reading “Hedge funds: mutually inclusive”

The M&A trend among European corporates is a sign of confidence in the region rather than an indication of re-leveraging, T. Rowe Price’s Michael Della Vedova tells Citywire Global. The AA-rated manager explains prudent management since the 2008 crisis has led to significantly improved cash-to-debt ratios, with companies taking advantage of the lower cost of debt to finance deals. Continue reading “Europe’s M&A wave won’t create 2008 re-run, says HY specialist”