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Insch sets up performance analysis tool
Insch Capital Management has launched a performance analysis tool for institutional investors, including IFAs and multi-managers, which highlights the need for improved returns or reduced fees among asset managers.
Thames wants absolute record on shorting
Thames River Multi-Capital attributes the recent disappointing returns from the IMA absolute return sector to the transition of hedge fund techniques to the retail world and market volatility.
Multi- manager view
Every EU summit seems to bring us gradually closer to some sort of medium-term fix on the European debt issues but we expect political and social tensions to continue globally for a variety of reasons.
Miton funds continue low-risk approach
MAM Funds is continuing to favour low-risk assets for its CF Miton strategic portfolio and CF Miton special situations funds due to the current market uncertainty.
Numis sees drive for closed funds
Numis Securities believes interest from multi-managers will drive demand for specialist closed-ended funds investing in areas that cannot easily be accessed through Oeics and unit trusts.
Multi-manager View
Diaries in December and January are filled with presentations from different organisations where they put forward their outlook for the coming year. It may be a bit of a generalisation but, to cynical investors, the equity-oriented houses tend to be more positive than the bond-oriented houses, which could be seen as propounding a gloomy outlook to make bonds a more attractive investment.
Europe crisis sees Apollo look to Asia
Apollo Multi-Asset Management is more optimistic about the global economy this year but warns of the potential for market corrections due to the uncertain outlook.
Aviva goes for tactical ETF trades during volatility
The multi-manager team at Aviva Investors has invested in exchange traded funds three times since taking over the reins of the firm’s multi-manager funds last August.
Thames River backing equities
Thames River Multi-Capital is wary of last year’s best-performing sectors.
Aviva looks to mandates for flexibility
The multi-asset team at Aviva Investors will be adding a small amount of funds to its manager of manager portfolios to bring the flexibility of these portfolios in line with its fund of funds range.
Apollo Fofs outperform
Apollo Multi-Asset Management’s cautious and balanced funds of funds have outperformed their respective benchmarks at their third anniversary despite a difficult 2011.
Hawksmoor sees opportunities in badly performing sectors
Hawksmoor Investment Management is spotting opportunities in sectors that are currently performing badly such as emerging market debt and corporate bonds.
Summit and nothing
Alot of hope was invested in the December summit of European Union leaders. Alas, it was a triumph of hope over experience. After almost 18 months of talking shop and tinkering, one might have expected the market to have developed a stronger sense of cynicism.
Premier looks to secondary structured product market
Premier Asset Management is finding opportunities on the secondary market among structured products that are trading below their face value.
Blacksquare rings the changes for 2012
The managers of funds that have made negative contributions to the recent performance of Blacksquare Capital’s fund of funds have reduced risk and will be monitored by Blacksquare in preparation of portfolio changes in 2012.
Premier sees long-term value in Euro equities
Premier Asset Management’s multi-asset team has no intention of reducing its multi-asset growth fund’s exposure to European equities as the region’s political crisis trundles on.
Hawksmoor targets reinsurance with global fund
Hawksmoor Investment Management has introduced the Polar Capital global insurance fund to its Vanbrugh fund of funds.
Multi-manager View
With cash generating poor rewards, especially in real terms, many investors are looking to equity income for returns - and many multi-managers too.
Thames thinks small for better performance
Thames River Multi-Capital says smaller funds tend to consistently outperform because they take sufficient risk, unlike many of their bigger counterparts.
Premier builds on John Laing infrastructure fund
Premier has topped up its holding in the John Laing infrastructure fund in its multi-asset distribution and brought this closed-ended fund in to its conservative growth fund of funds.
Multi-manager View
”For the last 20 years, when a private investor has consulted their financial adviser, they would be asked if they wanted to own stocks or bonds or a mix. In more recent times, risk might have been quantified, volatility explained and the time horizon emphasised.
OPM adds emerging markets and Europe
Multi-manager OPM has increased its worldwide fund’s exposure to emerging market equities and brought European equities into the portfolio.
Vanburgh switching to value theme for investment trusts
Hawksmoor Investment Management is positioning its Vanbrugh fund to benefit from an improvement in the economic environment and to withstand further turmoil.
The running yield
Markets appear to be succumbing to what has been a never ending stream of macro issues since January, starting with Libya and Japan and ending with no resolution to the eurozone debt issues and political stalemate in the US. It has not exactly been an annus horribilis for investors, although it could still turn out that way, but 2011 is not a year that many fund managers will look back on with any satisfaction.
Potter: Equities are better value than bonds
Thames River multi-manager Gary Potter has warned investors to avoid jumping on the “bond bandwagon” and instead invest in equities.
Blacksquare puts absolute return fund in recovery
The performance of Blacksquare Capital’s diversified absolute return fund has improved after changes made by the multi-manager to lessen the portfolio’s dependency on market direction to generate returns.
L&C Novia funds make a splash in managed sector
Discretionary fund manager London & Capital says the popularity of its managed portfolios on the Novia platform was an influential factor in the funds being made available through Ascentic.
December launch for Syz's nextgeneration platform with UBS
Fund of hedge funds manager Syz Asset Management will unveil a defensive multi-manager product on December 1 for the managed accounts platform it has developed with UBS.
Complex factors
Equity markets rebounded strongly this month against a background that provided reassurance for investors. Fears over the European sovereign debt crisis persist but commentators were comforted by better-than-expected economic news from the US.
Smokescreen strategy
When the IMA sterling strategic bond sector was implemented on September 1, 2008, it was welcomed by all parties as a step forward. The other bond sector was no longer working and had become a dumping ground for any fixed interest fund that did not fit the alter-native fixed interest sector definitions. Sector comparisons had become meaningless as a result.
Website revamp reflects shift of focus
Discretionary fund manager London & Capital has revamped its website to reflect that its business centres around people rather than products.
IAM reviews strategies for its long and short positions
Fund of hedge funds manager International Asset Management believes greater exposure to macro and commodity trading advisers’ strategies makes sense in the current economic environment.
Europe is hot topic for US managers
Europe was the main talking point for the US-based fund managers that Rathbone Unit Trust Managers head of multi-asset investment David Coombs met on a recent trip to the US West Coast.
SYZ thinks small and nimble for Altin fund
SYZ Asset Management has increased the allocation to managed futures in its Altin fund of hedge funds by adding a small fund that it says is more nimble than bigger funds.
Mark Harris joins Eden Financial
Eden Financial has appointed former Henderson multi-manager Mark Harris as a fund manager.
Jupiter Merlin fund moves towards "anaemic" UK
The £754m Jupiter merlin worldwide portfolio fund has increased its weighting to the UK to adopt a more defensive stance.
BAM favours managers with sound convictions
Berry Asset Management is filling the five risk-graded portfolios in its discretionary fund management service with managers who have high conviction of their specific holdings and their investment processes.
Midas fund adopts cautious attitude
MAM Funds is taking a fairly cautious stance in its Midas balanced income fund, favouring bigger blue chip companies with strong balance sheets and dividend growth.
How OPM fixed income aims to beat a rate rise
OPM believes the nimbleness of its £41m fixed-income fund, its strategic investment mandate and its fund of funds structure gives it an edge when faced with the prospect of rising UK interest rates.
ABI has forced the IMA's hand on managed sectors
Rob Burdett questions the need for change across the managed sectors.
