The holidays are almost over. Children are getting ready for school and, public transport is getting crowded again, and most of us are preparing to get our heads back down to work for the four-month slog up to the Christmas and New Year holidays.
Pimco, the giant US bond fund manager, is to substantially increase its investment exposure to the stricken mortgage-backed securities market, targeting an opportunity to buy and manage up to $5bn (€3.4bn) worth of these bonds at deeply discounted prices.
Henderson Global Investors is not the only asset manager to have looked at relocating from the UK for tax reasons, according to financial analysts and bankers. The company confirmed this morning it is considering a move to the Republic of Ireland, and said it would give more details tomorrow.