Money Marketing
Adam Lewis Editorial
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UK income manager Gallagher leaves UBS
19 Oct 2011
UBS UK equity income fund manager Brian Gallagher has left the company.
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Gibbs to focus on Jupiter absolute return funds
13 October 2011
Philip Gibbs is stepping down from management of his remaining Jupiter financial funds to allow him to focus on running his absolute return funds.
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ONS cuts growth estimates
13 October 2011
The Office for National Statistics has cut its estimate for UK economic growth from 0.2 per cent to 0.1 per cent for the second quarter of this year.
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ONS cuts Q1 and Q2 UK growth forecasts
5 Oct 2011
The ONS has cut its forecast for UK economic growth from 0.2% to 0.1% for the second quarter of 2011.
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LSE terminates TMX merger
30 Jun 2011
The London Stock Exchange is to terminate its agreed merger with Canada’s TMX Group.
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Markets predict no rate rise before August 2012
22 Jun 2011
M&G bond manager Mike Riddell says market is pricing in a first UK interest rate hike in August 2012.
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UK economic growth confirmed at 0.5 per cent
25 May 2011
The Office for National Statistics has made no revision to its estimate of the UK’s GDP growth in the first quarter of the year,
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Jeremy Lang: UK banks are bust
16 May 2011
Manager of the Ardevora UK Equity Income fund has no holdings in British banks, is avoiding BP, BT and Vodafone and describes the retail sector as “toxic”.
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Russell quits Cazenove
12 May 2011
Cazenove head of pan-European equities and manager of the group’s UK absolute target fund Tim Russell is to leave the group in July.
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Jon Garland to leave Ignis
11 May 2011
Jon Garland, the head of discretionary sales at Ignis, is to leave the group to “pursue his career elsewhere”.
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Tim Russell to leave Cazenove
6 May 2011
Head of pan-European equities and manager of the group’s UK absolute target fund will leave in July.
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Commodity fund for Schroders
21 April 2011
Schroders is launching a commodity investment trust, to be run by its specialist absolute return multi-managers firm Schroders NewFinance Capital.
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Luke Kerr returns to Omam
19 Apr 2011
Luke Kerr has resumed his management of the £179m Old Mutual UK Dynamic Equity fund after a year’s break to focus on his health.
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Hargreaves Lansdown reports 34% jump in Isa sales
19 Apr 2011
New Isa contributions on Hargreaves Lansdown’s Vantage fund platform jumped 34 per cent in the year to April 5, 2011, compared with the previous year.
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Baillie Gifford Europe small cos to go global
18 Apr 2011
Baillie Gifford is to convert its £32m European Smaller Companies fund into a global smaller companies mandate named Global Discovery, subject to investors’ approval.
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Schroders to launch commodity investment trust
18 Apr 2011
Schroders is to launch a commodity investment trust, to be run by its specialist absolute return multi-managers firm, Schroders NewFinance Capital.
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Schroders cuts Japan GDP forecast
7 April 2011
Schroders has cut its forecast for Japanese GDP growth this year from 1.2 per cent to 0.8 per cent due to last month’s earthquake and tsunami.
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OECD raises G7 growth forecast but lowers UK
5 Apr 2011
Economic growth in the G7 countries outside Japan could rise to an annualised rate of about 3 per cent in the first half of 2011, according to the OECD.
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Threadneedle poaches Barings Lat Am fund manager
4 Apr 2011
Threadneedle has hired Daniel Isidori from Barings Asset Management to manage its £1.2 billion Latin America fund.
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Pursglove and Wagstaff will not join Henderson
1 Apr 2011
The heads of UK retail and global distribution at Gartmore will not join Henderson upon the completion of the Gartmore acquisition on Monday.
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Schroders cuts 2011 Japan GDP forecast
1 Apr 2011
Schroders has cut its forecast for Japanese GDP growth in 2011 from 1.2% to 0.8% as a consequence of last month’s earthquake and tsunami.
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Schroders to merge Pacific fund into Asian alpha plus
29 Mar 2011
Schroders is seeking investors’ approval to merge its Pacific fund into its Asian alpha Plus fund, following a review of its product range.
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Hambi joining SLI to run MyFolio funds
24 March 2011
Bambos Hambi, former head of multi-manager funds at both Gartmore and Rothschilds, has joined Standard Life Invest- ments as head of fund of funds management.
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Bambos Hambi joins Standard Life Investments
21 Mar 2011
Bambos Hambi, the former head of multi-manager funds at both Gartmore and Rothschilds, has joined Standard Life Investments on a full-time basis.
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Centaur launches new online fund news service
16 Mar 2011
Money Marketing publisher Centaur has launched a new online fund news service brought to you by the news team behind Fund Strategy.
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Unemployment reaches highest levels since 1994
16 Mar 2011
Unemployment rate reaches 8 per cent, youth unemployment reaches highest levels since comparable records began in 1992.
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Invesco Perpetual to launch global equity income trust
10 Mar 2011
Invesco Perpetual is aiming to raise £100m in a new global equity income investment trust, to be managed by Paul Boyne and Doug McGraw.
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Gems lose sparkle as weighting slashed
17 Feb 2011
Global fund managers have slashed their weighting in glo-bal emerging markets to the lowest level since March 2009, acc-ording to the latest Bank of America Merrill Lynch fund manager survey.
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Closed-ended funds outstrip open-ended, says study
11 Feb 2011
Investment trusts have outperformed open-ended funds in eight of nine key sectors over 10 years in NAV terms, according to research from Collins Stewart.
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Best sales in 10 years see equities top bonds
10 February 2011
Equities replaced bonds as the most popular asset class among investors last year, attracting net retail sales of £7.5bn, according to statistics from the Investment Management Association.
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Interest rates could rise next week, says Skandia
4 Feb 2011
The Bank of England could raise interest rates by as early as next week, warns Skandia Investment Group.
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Jupiter fund on black list
3 February 2011
Anthony Nutt’s £2.5bn Jupiter income fund has been placed on the black list of underperformers in Principal Investment Management’s latest income study.
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Equities overtake bonds after best sales in a decade, IMA stats
2 Feb 2011
Equities replaced bonds as the most popular asset class among investors in 2010, attracting net retailsales of £7.5bn in 2010.
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Nutt's £2.5 billion income fund placed on ‘black list’
31 Jan 2011
Anthony Nutt’s £2.5bn Jupiter income fund has been placed in the black list of constant underperformers in Principal Investment Management’s latest income study.
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US economy grows 3.2 per cent in fourth quarter
28 Jan 2011
The American economy grew 3.2 per cent, over the fourth quarter of last year, up from the 2.6 per cent GDP growth recorded in the third quarter, according to the Bureau of Economic Analysis.
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Hedge fund manager collects record £3.15bn profit in 2010
28 Jan 2011
Hedge fund manager John Paulson amassed a £3.15bn profit in 2010, which is understood to be the largest one year profit in fund manager history.
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MPC may start raising interest rates in March, says Ward
24 Jan 2011
The Monetary Policy Committee may start raising interest rates as early as March this year, according to Simon Ward, the chief economist at Henderson Global Investors.
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Henderson appoints head of UK marketing
14 Jan 2011
Allyson Foster, the head of partnership marketing at Ignis, is to join Henderson as head of UK marketing.
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Emerging duo to run new frontiers fund at Schroders
13 January 2011
Schroders has launched a frontier markets fund co-managed by head of emerging market equities Allan Conway and Mena head Rami Sidani.
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Henderson locks in key Gartmore managers in £335m takeover
12 Jan 2011
Henderson has agreed lock-in terms with a number of Gartmore managers following its proposed £335m takeover.
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Henderson to acquire Gartmore for £335m
12 Jan 2011
Henderson has announced to the stockmarket it is to acquire the entire stock capital of Gartmore for an estimated £335m.
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Sales of corporate bond funds turn negative, IMA stats
10 Jan 2011
Commodity funds attract record inflows.
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Schroders launches frontier markets equity fund
6 Jan 2011
Schroders has launched a frontier markets fund co-managed by Allan Conway and Rami Sidani.
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Former BlackRock star Graham Birch moves up at Petropavlovsk
4 Jan 2011
Former BlackRock manager Graham Birch has become the senior independent non-executive director of Russian gold miner Petropavlovsk.
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Net public sector borrowing hits new record
21 Dec 2010
Public sector net borrowing totalled a record £23.3 billion in November.
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Inflation expectations surge, says BofA ML survey
14 Dec 2010
61 per cent of managers expect inflation to be higher in the next 12 months.
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Schroders to tighten access as US mid cap hits $4.5 billion
6 Dec 2010
Move designed to preserve the fund’s ability to deliver future performance.
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Bolton China fund pushes IPO takings to £1.5bn
2 December 2010
Gross proceeds raised by initial public offerings in closed-ended funds are set to top £1.5bn in 2010, almost doubling the £785m in 2009, according to Wins Investment Trusts.
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HSBC gives global range makeover for new year
2 December 2010
HSBC Global Asset Management has reshuffled its global investment funds range, changing fund names, managers, objectives and fees.
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Schroders' maximiser offers global property deal
2 December 2010
Schroders is to launch the third fund in its income maximiser range, a global property fund seeking a 7 per cent annual yield.
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Miller light on industrials but heavy on the fast financials
Online - November 2010
A quarter of the incremental earnings generated by the S&P 500 in 2011 will be sourced from just four companies, all of which are financials, according to Legg Mason Capital Management.
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OECD GDP growth slows in third quarter
22 Nov 2010
GDP falls to 0.6 per cent in Q3.
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Old Mutual manager boosts cash and gilts plays
22 Nov 2010
OMAM dynamic bond fund manager Christine Johnson has cut exposure to investment grade by 15 per cent.
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Morse taking over Euro values trust
18 November 2010
Sam Morse is to take over running the £693m Fidelity European values investment trust from the start of next year.
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Survey shows investment trust TERs lower than for open-ended funds
18 November 2010
The average total expense ratio for investment trusts is lower in seven out of eight sectors compared with an Investment Management Association equivalent, according to data from Winterflood Investment Trusts.
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Morse takes control of £693m Fidelity European investment trust
11 Nov 2010
Morse, who has managed the open-ended £3 billion Fidelity European fund since January will replace Sudipto Banerji.?
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SIG fund ditches Roger Guy
8 Nov 2010
Skandia Investment Group has dropped Roger Guy as one of the nine managers on its European best Ideas fund.
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IMF raises Asia growth projections
1 Nov 2010
The International Monetary Fund upped its GDP growth projection for Asia in 2010 to 8 per cent, in itslatest regional economic outlook.
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Commerzbank sets up China volatility fund
28 October 2010
Commerzbank Corporates & Markets has launched a Chinese equity fund through a joint venture with Beijing-based China Asset Management.
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Commerzbank enters Chinese market
25 Oct 2010
Commerzbank Corporates & Markets has launched a Chinese equity fund through a joint venture with the Beijing-based China Asset Management.
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E&Y says rate set to stay at 0.5% until 2014
21 October 2010
The Bank of England base rate is set to stay at 0.5 per cent until 2014, according to the latest Ernst & Young ITEM club quarterly forecast.
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Risk appetite surges ahead of QE2, says survey
19 Oct 2010
The risk being taken by global fund managers saw its biggest jump in 18 months, says BofA Merrill Lynch survey.
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Rates to stay on hold till 2014, says Ernst & Young
18 Oct 2010
UK GDP to grow 1.4 per cent in 2010 and 2.2 per cent in 2011.
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Richard Plackett steps down as manager on BlackRock UK Smaller Companies
13 Oct 2010
Richard Plackett has handed the management of his BlackRock UK Smaller Companies fund to Ralph Cox.
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UK unemployment falls to 2.45m
13 Oct 2010
The unemployment rate in the UK fell to 7.7 per cent in the three months to August according to the ONS.
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£400M a month Isas show limit rise pays off
7 October 2010
Gross inflows into stocks and shares Isas have averaged over £400m a month since the Isa allowance was raised to £10,200 for over 50s in October last year, according to the Investment Management Association.
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Edwards, Fletcher and McGhie to retire from Baillie Gifford
1 Oct 2010
Ken Edwards, Chris Fletcher and Jim McGhie have announced their forthcoming retirements from Baillie Gifford and a subsequent succession plan.
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Gross inflows into stocks and shares Isas surge
1 Oct 2010
Gross inflows into stocks and shares Isas have averaged over £400m a month since the Isa allowance was raised to £10,200 for the over 50s in October last year.
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IMF warns of short-term pains caused by budget cuts
1 Oct 2010
IMF warns fiscal consolidation set to have more negative short-term effects on global economies than usual.
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Chelsea upgrades Liontrust first income to buy rating
29 Sep 2010
Liontrust first income fund back to buy rating for the first time in five years.
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Cazenove to launch diversity income fund
21 Sep 2010
Cazenove Capital has announced the launch of a new multi manager fund, to be run by Marcus Brookes and Robin McDonald.
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Global bond business hits record high
9 September 2010
Demand for corporate bond funds doubled between June and July, according to the latest Investment Management Association statistics.
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Demand for corporate bonds soars, says IMA
6 Sep 2010
Global bond sector is bestseller with £360.9m of net retail sales in July.
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Unviable Invest & Give fund to be axed
2 September 2010
Invest & Give, an investment fund that supports The Prince’s Trust, is winding up after failing to attract enough assets to make it viable.
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Bernanke says America will avoid double dip
27 Aug 2010
Chairman of the Federal Reserve expects American economy to expand in second half of 2010 and continue growing into 2011.
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US growth forecast slashed
27 Aug 2010
The US rate of economic growth during the second quarter of the year has been revised down to 1.6 per cent.
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Invest & Give fund to be wound up
25 Aug 2010
Invest & Give is winding up after failing to attract enough assets to make it viable.
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Global asset allocators rotate into UK equities
17 Aug 2010
Asset allocators offer most positive stance on UK equities for over three years, according to the Bank of America Merrill Lynch Fund Manager survey.
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Invesco launches offshore Lat Am fund
11 Aug 2010
Invesco has launched an offshore version of the Invesco Perpetual Latin American fund, managed by Dean Newman.
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FCPT shareholders vote against merger
9 Aug 2010
Shareholders in the F&C commercial property trust have voted against its proposed merger with the Ignis Investments’ UK commercial property trust.
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Schroders doubles retail inflows to £5.1bn
5 Aug 2010
Profit before tax jumps to £188.2m.
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Dual regulation risk with American clients
2 Aug 2010
UK advisers and managers with American clients may face dual regulation under the country’s financial reform bill, a leading American lawyer says.
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Investors opt for cautious managed, says IMA
2 Aug 2010
Absolute return funds toppled in best selling list.
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America's growth rate slows
30 Jul 2010
US economic growth falls to 2.4 per cent in the second quarter of 2010.
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Cazenove hires manager after Pegrum departure
28 Jul 2010
John Warren joins as a fund manager in the UK equity team.
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Mott resists buying more BP due to risk
19 Jul 2010
Manager of the PSigma Income fund says stock is tempting but risk is too high.
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Hexam takes control of Ignis venture
15 July 2010
Hexam Capital Partners is to raise its 50 per cent in its joint venture with Ignis Asset Management to 65 per cent and will take sole charge of admin, distribution and operational costs.
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Guillaume Rambourg quits Gartmore
14 Jul 2010
Rambourg resigns from the asset management house to focus on FSA investigation.
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Chan leaves Barings
13 Jul 2010
Henry Chan, the head of Asia Pacific investment at Baring Asset Management, has left the group.
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OECD praises Coalition’s first budget
13 Jul 2010
OECD labels Budget “essential starting point”.
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US weightings slashed as survey points back to March 2009
13 Jul 2010
Survey shows fund managers cutting weightings to the US in favour of cash.
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HSBC loses fixed income manager
9 Jul 2010
Andrew Cope, manager of the HSBC Gilt & Fixed Interest, Corporate Bond funds and gilt portion of the HSBC Balanced fund, has resigned from the group.
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David Jane leaves M&G
8 Jul 2010
David Jane, the head of UK equities at M&G, has left the group with immediate effect.
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Hexam set to take majority holding in its joint venture with Ignis
8 Jul 2010
Hexam Capital Partners is to take a 65 per cent stake in its joint venture with Ignis Asset Management
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Aviva to take over Henderson International Property fund
7 Jul 2010
Aviva Investors will combine assets with its European and Asia Pacific real estate funds.
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Calvert to depart Axa Framlington
7 Jul 2010
William Calvert, the head of emerging markets at Axa Framlington and manager of the £240m emerging markets unit trust, has resigned.
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America sees rise in bonds thanks to eurozone crisis
5 Jul 2010
The eurozone crisis has led to a surge of flows into American bonds, according to a report by the Council on Foreign Relations.
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American consumer spending rises in May
29 Jun 2010
American consumer spending rose 0.2 per cent in May according to the Bureau of Economic Analysis.
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Odd takes over reins of M&G Dividend fund
29 Jun 2010
Alex Odd, manager of the M&G income fund, will additionally become lead manager of the £500m M&G dividend fund from July 1.
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Threadneedle launches enhanced commodities fund
29 Jun 2010
Threadneedle today launched a long-only Ucits III fund that invests across a range of commodities.
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Public sector borrowing falls
18 Jun 2010
Net borrowing in Britain’s public sector has fallen £7.4 billion over the past 12 months, according to figures released today by the Office for National Statistics.
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RLAM creates first Paif
8 Jun 2010
Royal London Asset Management has become the first UK fund management group to launch a property authorised investment fund.
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Hayes to run Axa sterling
3 June 2010
Former New Star fixed-interest manager Nick Hayes is to join Axa Investment Managers next week and will manage the Axa sterling strategic bond fund.
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OECD raises growth forecasts but warns of increasing risks
26 May 2010
The Organisation for Economic Cooperation and Development has raised its growth forecasts for this year and 2011 in its latest Economic Outlook.
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EC mindful of 'Madoff lesson' in Ucits V plans
20 May 2010
The European Commission is to begin working next year on a Ucits V directive aimed at increasing investor protection and creating a level playing field for Ucits investors in Europe.
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Managers retreat into cash and America, says survey
19 May 2010
Global fund managers have upped their cash weightings and retreated into American equities following the recent problems in the eurozone and worries of China cooling.
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Thompson to leave Baillie Gifford
19 May 2010
Ben Thompson, manager of the Baillie Gifford high yield bond fund and joint manager of the corporate bond fund, is leaving the group to workoutside the financial services industry.
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European Commission planning Ucits V to apply 'Madoff lessons'
17 May 2010
The European Commission is to begin working next year on a Ucits directive aimed at increasing investor protection and creating a level playing field for Ucits investors in Europe.
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Matrix launches long/short Asian fund
17 May 2010
Matrix has launched a Ucits III long/short pan-Asian equity fund, be managed by Rupert Foster.
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Institutional inflows bring record for Schroders
13 May 2010
Schroders had a record quarter of net inflows into its funds in the first three months of this year despite a small slowdown in retail sales.
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Invesco plans second AIC Latin America play
13 May 2010
Invesco Perpetual is considering the launch of a Latin American investment trust.
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Lazard adds emerging markets small-cap fund
13 May 2010
Lazard Asset Management is planning to appoint a manager to run an emerging markets smaller companies fund.
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Asian markets fall as Chinese inflation rises
11 May 2010
Chinese inflation rose to an 18-month high in April, leading to an immediate decline in Asian stockmarkets.
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Invesco Perpetual considers Latin American launch
10 May 2010
Invesco Perpetual is considering the launch of a Latin American investment trust.
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Lazard plans emerging markets small-caps fund
10 May 2010
?Lazard Asset Management is planning to appoint a manager to run an emerging markets smaller companies fund.
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Thames River brand to stay if F&C deal goes ahead
6 May 2010
Hollands: ‘Keep all the good people’
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UK All companies funds witness £690m outflow
29 Apr 2010
Funds in the UK All companies sector saw net outflows of nearly £690m in March according to the Investment Management Association, making the sector the least popular among retail investors.
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F&C plans to wind up select investment trust
29 April 2010
The board of the F&C UK select trust is planning to reconstruct and wind up the investment trust.
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GDP rises by just 0.2% in first quarter
29 April 2010
The UK economy disappoin-ted with GDP growth of only 0.2 per cent in the first quarter of this year compared with a rise of 0.4 per cent in the final quarter of 2009.
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Mustoe in for Yerbury as CIO at Perpetual
29 April 2010
Yerbury: Phased retirement
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Pegrum quits Cazenove for Soros
29 April 2010
Neil Pegrum, manager of the Cazenove UK dynamic fund and two dynamic long/short funds, has left to join Soros Fund Management.
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Swip emerging market duo quit to join Currie
29 April 2010
Kim Catechis, head of global emerging market equities at Swip, and Alistair Reynolds, investment director, global emerging market equities, are both leaving the company to join Martin Currie.
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Pegrum leaves Cazenove
26 Apr 2010
Neil Pegrum, manager of the Cazenove UK dynamic fund and two dynamic long/short funds, has left the group to join Soros Fund Management.
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Martin Currie poaches Swip head of global emerging markets
23 Apr 2010
Kim Catechis, head of global emerging market equities at Swip, and Alistair Reynolds, investment director, global emerging market equities, are both leaving the group to join Martin Currie.
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F&C UK select trust to wind up
22 Apr 2010
The board of the F&C UK Select Trust has announced proposals to to reconstruct and wind up the investment trust.
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UK unemployment hits 2.5m
21 Apr 2010
The number of people unemployed in Britain hit its highest figure since 1994 during the three months to February according to the Office for National Statistics.
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FSA investigates Goldman Sachs
20 Apr 2010
The FSA has announced it is to commence a formal enforcement investigation into Goldman Sachs International, in relation to the recent Securities and Exchange Commission allegations.
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Asian stocks fall following Goldman's charge
19 Apr 2010
Asian stocks fell to a two month low after the Securities and Exchange Commission sued Goldman Sachs for fraud on Friday.
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Morningstar in £12m deal for Old Broad St
15 April 2010
Morningstar UK has bought Old Broad Street Research for £11.95m.
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Morningstar acquires OBSR
12 Apr 2010
Morningstar UK has acquired Old Broad Street Research for £11.95m subject to post-closing adjustments.
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Omam to merge away ethical fund
6 Apr 2010
Old Mutual Asset Managers is planning to merge its Old Mutual ethical fund into the Premier fellowship fund.
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Gartmore confirms Rambourg may have violated trading rules
31 Mar 2010
Gartmore chief executive officer Jeffrey Meyerhas confirmed reports that Guillaume Rambourg was suspended as he may have directedorders to buy and sell shares to favoured brokers, violating internal rules.
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Contrasting fortunes for bond funds
30 Mar 2010
IMA stats show strategic bonds topped net retail sales for February with corporate bond funds staying rock bottom.
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Invest & Give appoints Angus Duncan as head of distribution
29 Mar 2010
Angus Duncan, the former head of distribution at Smith & Williamson, has been appointed as head of distribution at Invest & Give, the investment fund which supports the Princes Trust.
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Henderson to change name and policy of New Star technology fund
26 Mar 2010
Henderson Global Investors is seeking unitholder approval to change the investment policy and name of the New Star technology fund to the Hendersonglobal innovation fund.
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Omam postpones launch as Kerr reduces work commitments
24 Mar 2010
Old Mutual Asset Managers has postponed the launch of its UK specialist absolute return following the announcement that Luke Kerr is reducing his work commitments for a few months to focus on his health.
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Premier appoints Simon King
22 Mar 2010
Premier Asset Management has hired former Gartmore manager Simon King to run its UK thematic and smaller companies funds.
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Strengthening sterling hits F&C's AUM
10 Mar 2010
F&C Asset Management has reported a £800m fall in assets under management for the year ended December 31, 2009.
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Bramdean Alternatives to move to private equity
9 Mar 2010
The Bramdean Alternatives investment trust board is proposes re-branding to Aberdeen Private Equity.
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Absolute return funds boost Gartmore's assets under management
9 Mar 2010
Gartmore reports net inflows of £485m into its mutual funds boosting assets under management by 19 per cent.
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Corporate bond funds hit rock bottom
8 Mar 2010
UK corporate bond funds saw net outflows of £228m in January, making them the least popular asset class, according to the Investment Management Association.
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Old Mutual to launch absolute return fund
4 Mar 2010
Old Mutual Asset Managers has announced plans to launch a UK absolute return fund for Luke Kerr in May.
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Invesco shelves split cap launch
1 Mar 2010
Invesco Perpetual has shelved plans to launch the dual return split capital investment trust owing to a lack of demand.
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JPMorgan to launch Brazilian investment trust
1 Mar 2010
JPMorgan Asset Management plans to launch an investment trust investing solely in Brazil, with a target size of £50m.
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Risks remain "to the downside" says King
23 Feb 2010
The risks to the Monetary Policy Committee’s view of a gradual recovery in Britain’s output “remain to the downside” according to the BoE governor.
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EU pledge fails to appease markets
15 Feb 2010
Global developed stockmarkets gave last week’s accord between the European Union and Greece a muted reaction, while bonds rallied and the euro fell.
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Greek debt fears hit global markets
8 Feb 2010
Mounting fears over Greece’s debt position spilled into global equity markets last week, as share prices in America, Asia and several European countries all fell.
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RLAM unveils global index linked fund
8 Feb 2010
Royal London Asset Management has launched a global index linked fund.
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Chatfeild-Roberts takes over as Jupiter CIO
2 Feb 2010
Jupiter director of independent funds John Chatfeild-Roberts is to take over as the group’s chief investment officer from Edward Bonham Carter.
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Baillie Gifford turns to global income
1 Feb 2010
Baillie Gifford is to launch a global equity income fund for Dominic Neary, Money Marketing understands.
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Fidelity confirm Bolton’s China fund will be investment trust
27 Jan 2010
Fidelity has opted to structure Anthony Bolton’s forthcoming China fund as an investment trust.
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IMA alters global emerging markets sector
27 Jan 2010
The Investment Management Association has redefined what is a global emerging market equity in its global emerging markets sector.
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S&W Enterprise fund converts to Ucits III structure
25 Jan 2010
Smith & Williamson has converted its Cayman-Islands domiciled enterprise fund into a Dublin-domiciled, Ucits III vehicle.
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World Bank warns of protracted economic recovery
22 Jan 2010
The fallout from the global economic financial crisis will change the landscape for finance and growth over the next 10 years, according to a report from the World Bank.
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Rising prices affect retail sales
22 Jan 2010
Retail sales in the UK rose by just 0.3 per cent in volume terms between November and December, according to the Office for National Statistics.
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Invesco focuses on yield initially for tactical bond fund
21 January 2010
Invesco Perpetual is developing its closed and open-ended fund ranges with a strategic bond fund and possible changes to its forthcoming split-capital trust.The company will launch a tactical bond fund for fixed-income co-heads Paul Causer and Paul Read on February 1.The fund will adopt an unconstrained strategy, allowing it to invest across the whole fixed-income spectrum.The managers will be able to make short-term asset allocation calls, which ...
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Aegon boosts European equity team
20 Jan 2010
Aegon Asset Management has added to its European equity team with the hire of Pauline McPherson as a senior investment manager.
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UK unemployment falls
20 Jan 2010
The number of people out of work in Britain fell for the first time in 18 months in November, according to the Office for National Statistics.
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Weightings to Japan rise significantly, says survey
19 Jan 2010
Global fund managers have upped their weightings to Japan, according to the latest Bank of America Merrill Lynch Survey, as risk appetite hits highest level since January 2006.
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Invesco considers gearing on new split cap
18 Jan 2010
Invesco Perpetual is considering adding tactical gearing to its upcoming Dual Return split capital trust, whose launch was postponed in December.
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Property tops fund sales league again
07 January 2010
Property was the most popular retail sector for investors for the second consecutive month in November.
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Corporate bond funds see further outflows
5 Jan 2010
IMA stats reveal a second month of outflows for corporate bonds in November as property continues to top retail fund sales.
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Fidelity mulls closed-ended structure for Bolton China fund
11 Dec 2009
Fidelity is considering a closed-ended structure for the forthcoming launch of a China fund for Anthony Bolton.
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Gifford quits Old Mutual income
10 December 2009
Old Mutual income fund and Old Mutual extra income fund manager Michael Gifford has left the company.
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Martin Currie adds hedged share class to Japan funds
9 Dec 2009
Martin Currie adds new hedged yen share class.
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Gifford leaves Omam
2 Dec 2009
Stephen Message takes over on funds.
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Property funds top retail sales, says IMA
1 Dec 2009
Property sector tops the IMA rankings for the first time in over two years.
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Jupiter offers free switch into Gibbs' new funds
26 November 2009
Jupiter is to offer unitholders in its financial opportunities fund a free switch into manager Philip Gibbs’ two new funds, which will launch on December 14.
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Jupiter to offer free switch into new Gibbs funds
20 Nov 2009
Firm offers free switch into Jupiter absolute return and international financials funds.
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Invesco poised to unveil split capital investment trust
16 Nov 2009
New trust to be managed by Martin Walker.
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Interest rates to stay low as King predicts inflation spike
11 Nov 2009
BoE Governor says interest rates to stay at 0.5 per cent until latter part of 2010.
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Tunks bolsters Swip fixed-income team
12 November 2009
Scottish Widows Investment Partnership has appointed Andrew Tunks as interim director of fixed income.
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Tunks joins Swip
5 Nov 2009
Former OMAM head of fixed income joins Swip.
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Niall Gallagher joins Gam
27 Oct 2009
Former BlackRock manager to take helm on European funds.
