Hedge fund manager’s stark warning as high-profile names are stripped of alpha status.
Described as a game changer for global markets, the dramatic fall in the price of oil is creating a distinct group of winners and losers.
City Asset Management’s James Calder is not letting the turn of the year alter his perspective on the prospect for equities.
In a year when attention shifted back towards emerging markets it was India that led the way.
Dale Nicholls says that he may look to increase the trust’s exposure to industrials and reduce existing holdings in banks.
Schroders expects to make a decision “within weeks” on a successor to Richard Buxton.
Stephen Anness is to take over the management of the £53m Invesco Perpetual Global Opportunities fund and in the process hand over the running of his UK Aggressive fund to Martin Walker.
Data going back 20 years shows the first quarterly estimate of year-on-year growth is revised up by an average of 0.7 per cent.
Cazenove’s CIO has questioned the validity of the Office for National Statistics’ first estimate of UK GDP.
As yields from conventional sources stall, investors are looking further afield in their search for income and turning to a mixture of specialist asset classes with the aim of making the dividend stream more consistent and dependable.
The ONS has cut its forecast for UK economic growth from 0.2% to 0.1% for the second quarter of 2011.
The London Stock Exchange is to terminate its agreed merger with Canada’s TMX Group.
M&G bond manager Mike Riddell says market is pricing in a first UK interest rate hike in August 2012.
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,
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”.
Jon Garland, the head of discretionary sales at Ignis, is to leave the group to “pursue his career elsewhere”.
Head of pan-European equities and manager of the group’s UK absolute target fund will leave in July.
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.
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.
Baillie Gifford is to convert its £32m European Smaller Companies fund into a global smaller companies mandate named Global Discovery, subject to investors’ approval.
Schroders is to launch a commodity investment trust, to be run by its specialist absolute return multi-managers firm, Schroders NewFinance Capital.
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.
Threadneedle has hired Daniel Isidori from Barings Asset Management to manage its £1.2 billion Latin America fund.
The heads of UK retail and global distribution at Gartmore will not join Henderson upon the completion of the Gartmore acquisition on Monday.
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.
Schroders is seeking investors’ approval to merge its Pacific fund into its Asian alpha Plus fund, following a review of its product range.
Bambos Hambi, the former head of multi-manager funds at both Gartmore and Rothschilds, has joined Standard Life Investments on a full-time basis.
Money Marketing publisher Centaur has launched a new online fund news service brought to you by the news team behind Fund Strategy.
Unemployment rate reaches 8 per cent, youth unemployment reaches highest levels since comparable records began in 1992.
Invesco Perpetual is aiming to raise £100m in a new global equity income investment trust, to be managed by Paul Boyne and Doug McGraw.
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.
The Bank of England could raise interest rates by as early as next week, warns Skandia Investment Group.
Equities replaced bonds as the most popular asset class among investors in 2010, attracting net retailsales of £7.5bn in 2010.
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.
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.
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.
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.
Allyson Foster, the head of partnership marketing at Ignis, is to join Henderson as head of UK marketing.
Henderson has agreed lock-in terms with a number of Gartmore managers following its proposed £335m takeover.
Henderson has announced to the stockmarket it is to acquire the entire stock capital of Gartmore for an estimated £335m.
Commodity funds attract record inflows.
Schroders has launched a frontier markets fund co-managed by Allan Conway and Rami Sidani.
Former BlackRock manager Graham Birch has become the senior independent non-executive director of Russian gold miner Petropavlovsk.
Public sector net borrowing totalled a record £23.3 billion in November.
61 per cent of managers expect inflation to be higher in the next 12 months.
Move designed to preserve the fund’s ability to deliver future performance.
GDP falls to 0.6 per cent in Q3.
OMAM dynamic bond fund manager Christine Johnson has cut exposure to investment grade by 15 per cent.
Morse, who has managed the open-ended £3 billion Fidelity European fund since January will replace Sudipto Banerji.?
Skandia Investment Group has dropped Roger Guy as one of the nine managers on its European best Ideas fund.
The International Monetary Fund upped its GDP growth projection for Asia in 2010 to 8 per cent, in itslatest regional economic outlook.
Commerzbank Corporates & Markets has launched a Chinese equity fund through a joint venture with the Beijing-based China Asset Management.
The risk being taken by global fund managers saw its biggest jump in 18 months, says BofA Merrill Lynch survey.
UK GDP to grow 1.4 per cent in 2010 and 2.2 per cent in 2011.
Richard Plackett has handed the management of his BlackRock UK Smaller Companies fund to Ralph Cox.
The unemployment rate in the UK fell to 7.7 per cent in the three months to August according to the ONS.
Ken Edwards, Chris Fletcher and Jim McGhie have announced their forthcoming retirements from Baillie Gifford and a subsequent succession plan.
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.
IMF warns fiscal consolidation set to have more negative short-term effects on global economies than usual.
Liontrust first income fund back to buy rating for the first time in five years.
Cazenove Capital has announced the launch of a new multi manager fund, to be run by Marcus Brookes and Robin McDonald.
Global bond sector is bestseller with £360.9m of net retail sales in July.
Chairman of the Federal Reserve expects American economy to expand in second half of 2010 and continue growing into 2011.
The US rate of economic growth during the second quarter of the year has been revised down to 1.6 per cent.
Invest & Give is winding up after failing to attract enough assets to make it viable.
Asset allocators offer most positive stance on UK equities for over three years, according to the Bank of America Merrill Lynch Fund Manager survey.
Invesco has launched an offshore version of the Invesco Perpetual Latin American fund, managed by Dean Newman.
Shareholders in the F&C commercial property trust have voted against its proposed merger with the Ignis Investments’ UK commercial property trust.
Profit before tax jumps to £188.2m.
UK advisers and managers with American clients may face dual regulation under the country’s financial reform bill, a leading American lawyer says.
Absolute return funds toppled in best selling list.
US economic growth falls to 2.4 per cent in the second quarter of 2010.
John Warren joins as a fund manager in the UK equity team.
Manager of the PSigma Income fund says stock is tempting but risk is too high.
Rambourg resigns from the asset management house to focus on FSA investigation.
Henry Chan, the head of Asia Pacific investment at Baring Asset Management, has left the group.
OECD labels Budget “essential starting point”.
Survey shows fund managers cutting weightings to the US in favour of cash.
David Jane, the head of UK equities at M&G, has left the group with immediate effect.
Hexam Capital Partners is to take a 65 per cent stake in its joint venture with Ignis Asset Management
Aviva Investors will combine assets with its European and Asia Pacific real estate funds.
William Calvert, the head of emerging markets at Axa Framlington and manager of the £240m emerging markets unit trust, has resigned.
The eurozone crisis has led to a surge of flows into American bonds, according to a report by the Council on Foreign Relations.
American consumer spending rose 0.2 per cent in May according to the Bureau of Economic Analysis.
Alex Odd, manager of the M&G income fund, will additionally become lead manager of the £500m M&G dividend fund from July 1.
Threadneedle today launched a long-only Ucits III fund that invests across a range of commodities.
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.
Royal London Asset Management has become the first UK fund management group to launch a property authorised investment fund.
The Organisation for Economic Cooperation and Development has raised its growth forecasts for this year and 2011 in its latest Economic Outlook.
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.
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.
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.
Matrix has launched a Ucits III long/short pan-Asian equity fund, be managed by Rupert Foster.
Chinese inflation rose to an 18-month high in April, leading to an immediate decline in Asian stockmarkets.
Invesco Perpetual is considering the launch of a Latin American investment trust.
?Lazard Asset Management is planning to appoint a manager to run an emerging markets smaller companies fund.
Neil Pegrum, manager of the Cazenove UK dynamic fund and two dynamic long/short funds, has left the group to join Soros Fund Management.
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.
The board of the F&C UK Select Trust has announced proposals to to reconstruct and wind up the investment trust.
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.
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.
Asian stocks fell to a two month low after the Securities and Exchange Commission sued Goldman Sachs for fraud on Friday.
Morningstar UK has acquired Old Broad Street Research for £11.95m subject to post-closing adjustments.
Old Mutual Asset Managers is planning to merge its Old Mutual ethical fund into the Premier fellowship fund.
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.
IMA stats show strategic bonds topped net retail sales for February with corporate bond funds staying rock bottom.
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.
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.
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.
Premier Asset Management has hired former Gartmore manager Simon King to run its UK thematic and smaller companies funds.
F&C Asset Management has reported a £800m fall in assets under management for the year ended December 31, 2009.
The Bramdean Alternatives investment trust board is proposes re-branding to Aberdeen Private Equity.
Gartmore reports net inflows of £485m into its mutual funds boosting assets under management by 19 per cent.
UK corporate bond funds saw net outflows of £228m in January, making them the least popular asset class, according to the Investment Management Association.
Old Mutual Asset Managers has announced plans to launch a UK absolute return fund for Luke Kerr in May.
Invesco Perpetual has shelved plans to launch the dual return split capital investment trust owing to a lack of demand.
JPMorgan Asset Management plans to launch an investment trust investing solely in Brazil, with a target size of £50m.
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.
Global developed stockmarkets gave last week’s accord between the European Union and Greece a muted reaction, while bonds rallied and the euro fell.
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.
Royal London Asset Management has launched a global index linked fund.
Jupiter director of independent funds John Chatfeild-Roberts is to take over as the group’s chief investment officer from Edward Bonham Carter.
Baillie Gifford is to launch a global equity income fund for Dominic Neary, Money Marketing understands.
Fidelity has opted to structure Anthony Bolton’s forthcoming China fund as an investment trust.
The Investment Management Association has redefined what is a global emerging market equity in its global emerging markets sector.
Smith & Williamson has converted its Cayman-Islands domiciled enterprise fund into a Dublin-domiciled, Ucits III vehicle.
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.
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.
Aegon Asset Management has added to its European equity team with the hire of Pauline McPherson as a senior investment manager.
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.
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.
IMA stats reveal a second month of outflows for corporate bonds in November as property continues to top retail fund sales.
Martin Currie adds new hedged yen share class.
Stephen Message takes over on funds.
Property sector tops the IMA rankings for the first time in over two years.
Firm offers free switch into Jupiter absolute return and international financials funds.
New trust to be managed by Martin Walker.
BoE Governor says interest rates to stay at 0.5 per cent until latter part of 2010.
Former OMAM head of fixed income joins Swip.
Former BlackRock manager to take helm on European funds.