Those who were hoping for a shift in tone from the Federal Reserve regarding an imminent rate hike, encouraged by increasing signs of a recovery in the US, will be disappointed. The Fed has reiterated its concerns over the dynamics of the economy.

Janus Capital Group Inc. today announced that William H. Gross, world-renowned fixed income investor, will be joining Janus Capital Group. He will manage the Janus Global Unconstrained Bond Fund...

Calpers will continue to monitor developments at Pimco, and will conduct a thorough analysis of his exposure managed by the firm. Calpers has no plans at this time to make changes with his Pimco mandate...

Normalisation of monetary policy in the West is the most significant challenge facing markets after an unprecedented period of low interest rates. Given the levels of debt, the process will necessarily take a long time and the repercussions on the rest of the global economy still remain unclear, according to Miles Geldard, manager of the Jupiter Strategic Total Return SICAV fund at Jupiter Asset Management.

After ten years of strong growth, the Indonesian economy is slowing considerably. This is because of the falling Chinese demand for commodities, the gradual normalisation of US monetary policy and an inevitable decline in government expenditure.