Stephen Jones News
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Kames Capital, the Edinburgh-based fund unit of Aegon NV, said Stephen Jones, co-head of fixed income, is replacing Andrew Fleming as chief investment officer.
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Money managers in Edinburgh agree that the Bank of England will turn on the printing presses again this year as the economy flags. They are not unanimous on what it means for government bonds.
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Kames Capital, a U.K.-based manager of about 29 billion pounds ($43 billion) of fixed-income assets, bought U.S. Treasuries without a currency hedge, betting the pound will decline further against the dollar.
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Wales made one starting change for its Rugby World Cup semifinal against France on Oct. 15, choosing James Hook at fly-half after Rhys Priestland was ruled out with a shoulder injury.
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New Jersey removed two state troopers from active duty amid investigations into a high-speed caravan of Porsches, Lamborghinis and Ferraris led by police cruisers on the Garden State Parkway last month.
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Aegon Asset Management is sticking with U.K. bonds because it expects the Bank of England to raise interest rates more slowly than the European Central Bank, even as inflation runs at almost twice the pace of the euro area.
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Stephen Jones will make his record 101st appearance for the Wales rugby team when it meets England at Twickenham Stadium in London in two days.
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Kames Capital, whose inflation-linked bond fund is the best-performer in the U.K. over the past 12 months, is counting on more asset purchases by central banks this year to boost returns further.
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Santander U.K. Plc named Stephen Jones as chief financial officer and Steve Pateman as head of U.K. banking.
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New Zealand may be wrong to fret about having to rely on its third and fourth-choice fly-halves in the Rugby World Cup semifinals, with performances showing that players in other positions are having more influence.
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