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Whitehall reshuffle

Former Treasury Chief Secretary Yvette Cooper has replaced James Purnell as Work and Pensions Secretary after he quit the Cabinet last week. Angela Eagle has taken over as pensions minister from Rosie Winterton, who has only had the brief since October 2008, when she took over from Mike O’Brien.

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Investec merges offshore bond funds

Investec Asset Management has merged three offshore bond mandates into its Luxembourg-domiciled Global Strategy Fund (GSF) Investment Grade Corporate Bond fund. The assets of the GSF US Dollar, European and Sterling Bond funds were all merged into the groups offshore investment grade corporate bond mandate, which according to Investec is one of just 11 Luxembourg […]

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