Money Marketing
Joanne Ellul Editorial

Joanne Ellul joined Money Marketing in April 2011. Prior to MM, Joanne worked for Retail Week for just over a year. She studied a postgraduate degree in magazine journalism at City University, London.

Darwin fund benefits from weakening yen

24 January 2013

TM Darwin founder David Jane has bought Japanese exporters and hedged out currency risk in the £24m TM Darwin Multi Asset fund.
Henderson appoints Mercer's O'Connor to multi-asset team

24 January 2013

Henderson has appointed Mercer Investment Consulting partner Paul O’Connor as a director of its multi-asset team.
Ex-Henderson marketing head Richard Wilson to join HSBC

18 Jan 2013

Former Henderson director of marketing and distribution services Richard Wilson is to join HSBC Global Asset Management, Money Marketing understands.
Invesco Perpetual appoints CEO

18 Jan 2013

Invesco Perpetual has appointed head of the institutional business Mark Armour as its new chief executive.
City Financial ups risk in multi-asset funds

17 January 2013

Fund manager Mark Harris says is buying exposure to mortgage-backed securities across the four funds.
Jupiter hires two credit analysts

17 January 2013

Luca Evangelisti and Harry Richards will bolster the fixed income and multi-asset team.
Momentum launches three risk-profiled funds that target inflation

17 January 2013

The series, called the “Factor Series”, consists of three funds that have been risk-rated 3, 4 and 5 by Distribution Technology.
Bank PPI costs could double to £25bn

10 January 2013

The Times suggests under a worse-case scenario the costs of PPI could be as high as £40bn.
F&C offers Thames River range with life cover option

10 January 2013

F&C is adding a life cover option for its Thames River multi-manager funds.
UK equity manager Deptford departs Smith & Williamson

8 Jan 2013

Smith & Williamson UK equity manager Charles Deptford, manager of the UK Equity Growth trust and UK Equity Income Trust, has left the firm.
F&C offers Thames River range with life cover option

8 Jan 2013

F&C is adding a life cover option for its Thames River multi-manager funds.
Adviser verdict: Is now the time to buy gold funds?

7 Jan 2013

Are gold funds set for a rebound after a difficult 2012?
Bank PPI costs could double to £25bn

7 Jan 2013

The Times uses the FSA’s monthly PPI payout figures and historic selling data to make its calculations.
Merchant House structured product arm under review

2 Jan 2013

Custodian Reyker Securities has terminated its relationship with Merchant with immediate effect.
Investec American fund downgraded following Mundy appointment

27 Dec 2012

Morningstar has downgraded the £214m Investec American fund following Alastair Mundy’s appointment to the fund.
LSE to buy 60% stake in LCH Clearnet

27 Dec 2012

The London Stock Exchange is to buy a 60 per cent stake in European clearing house LCH Clearnet.
Advisers says cash Isa move was not needed

13 December 2012

The Government did not heed calls from banks and building societies to enable people to put their full Isa allowance into cash.
Aviva Investors multi-asset chief set to depart

13 December 2012

Aviva Investors head of multi asset funds Yoram Lustig is understood to be leaving as the firm streamlines its multi-asset team.
GLG to reopen Japan CoreAlpha funds

13 December 2012

GLG Partners is reopening the GLG Japan CoreAlpha and GLG Japan CoreAlpha Equity funds to new investors.
Henderson multi-manager Tony Lanning to exit for JPMAM

13 December 2012

Tony Lanning to exit Henderson at the end of January.
Argonaut sells down overweight to energy

7 Dec 2012

Argonaut fund manager Barry Norris has reduced his exposure to energy companies ahead of an expected slowdown in global economic growth.
SLI cuts govt bond exposure in MyFolio range

7 Dec 2012

Standard Life Investments has reduced exposure to government bonds in the £2bn MyFolio range.
Henderson multi-manager Tony Lanning to exit for JPMAM

6 Dec 2012

Tony Lanning to exit Henderson at the end of January 2013.
Octopus defers payment on EIS linked to Glasgow Rangers

6 Dec 2012

Octopus has partly deferred payment from one of its Protected EIS scheme tranches that was invested in the now-defunct Glasgow Rangers.
Aberdeen moves up Europe exposure

6 December 2012

The Aberdeen multi-manager team has decreased its underweight to Europe.
Experts say firms will follow Skandia's lead

6 December 2012

Skandia has reached agreement with eight groups on the low-cost fund range.
Henderson partnerships marketing head to depart

6 December 2012

Henderson head of partnerships marketing Garry Whitefield is leaving the business.
Schroders' Richard Buxton predicts start of equities bull market

6 December 2012

Head of UK equities has called the beginning of a bull market in equities.
Standard Life Investments reduces US overweight over fiscal cliff fears

6 December 2012

Standard Life Investments has reduced its overweight to the US by 3 per cent across the MyFolio range.
AS 2012: Advisers says cash Isa move was not needed

5 Dec 2012

The Government did not heed calls from banks and building societies to enable people to put their full allowance into a cash Isa.
AS 2012: Adviser verdict on Govt proposal to include AIM stocks in Isas

5 Dec 2012

The Government will consult on expanding the list of qualifying investments for stocks and shares Isas.
AS 2012: AIM stocks may qualify for Isas

5 Dec 2012

The government is to consult on expanding the list of qualifying investments for stocks and shares Isas.
M&G's Woolnough on corporate bond liquidity

5 Dec 2012

M&G fund manager Richard Woolnough says corporate bond liquidity is not quite as low as people may believe.
MAM's Williams clarifies 'expensive' financial advice claim

4 Dec 2012

MAM Funds managing director Gervais Williams has contacted advisers following an article in the Sunday Times.
F&C appoints Richard Wilson as chief executive

4 Dec 2012

F&C Asset Management has appointed head of institutional business Richard Wilson as its new chief executive.
Henderson partnerships marketing head to depart

3 Dec 2012

Henderson head of partnerships marketing Garry Whitefield is leaving the business.
RBS plans dividends for 2014

3 Dec 2012

The Royal Bank of Scotland Group intends to pay dividends in 2014.
iShares launches volatility and hedged ETFs

3 Dec 2012

iShares has launched a range of volatility and hedged Ireland-domiciled exchange-traded funds.
Schroders' Richard Buxton predicts start of equities bull market

29 Nov 2012

Head of UK equities has called the beginning of a bull market in equities.
Artemis' Derek Stuart: How I invest in volatile markets

29 November 2012

Artemis UK Special Situations manager Derek Stuart says managers should not try to predict what will happen in the macroeconomic environment.
Fidelity mulls Asia fund for Fast range

29 November 2012

Fidelity Worldwide Investment is to add an Asia fund to its Fidelity Active Strategy fund range, Money Marketing understands.
Ex-Bestinvest investment director guilty of indecency

27 Nov 2012

Former Bestinvest investment director Nigel Parsons has pleaded guilty to 14 charges, including voyeurism and taking indecent photographs of children.
Eight groups signed up for Skandia low cost fund range

27 Nov 2012

Skandia has reached agreement with eight groups on the low-cost fund range.
JOHCM's Beagles ups engineering exposure

27 Nov 2012

Clive Beagles has increased his exposure to engineers in the £1.3bn JOHCM UK Equity Income fund, as he says the stocks are mis-priced.
Standard Life's Nimmo doubles property holding

27 Nov 2012

Harry Nimmo, manager of the £1bn Standard Life UK Smaller Companies fund, has more than doubled his exposure to real estate companies, after five years of being mostly invested out of the sector.
Fidelity mulls Asia fund for Fast range

23 Nov 2012

Fidelity Worldwide Investment is to add an Asia fund to its Fidelity Active Strategy fund range, Money Marketing understands.
Lowes in talks to acquire SPGO

23 Nov 2012

Lowes Financial Management is in talks to acquire structured product platform SPGO.
Old Mutual Wealth appoints Graham Bentley as head of investment marketing

22 November 2012

Old Mutual Wealth has appointed Graham Bentley as head of marketing.
Premier's Hambidge adds to floating rate debt

22 November 2012

Premier Asset Management director of multi-asset David Hambidge has been adding floating rate debt to the Premier Multi-Asset Distribution and Monthly Income funds.
Standard Life's Nimmo: Mining supercycle is over

21 Nov 2012

Standard Life head of smaller companies Harry Nimmo says sectors such as engineering will be affected.
Artemis' Derek Stuart says low growth will continue

21 Nov 2012

Artemis UK special situations manager Derek Stuart says he is increasing his exposure to companies that are cash generative and can cut costs and pay down debt.
Sanlam to launch DFM service on Nucleus

21 Nov 2012

P2international will offer a DFM service with seven risk-profiled model portfolios.
Albion Ventures to enter IHT space

16 Nov 2012

Albion Ventures plans to launch inheritance tax products to diversify its product range.
Old Mutual reveals low-cost fund range details

16 Nov 2012

Old Mutual Global Investors plans to team up with 10 to 12 fund management groups in its low-cost fund range that is set to launch next year.
Skandia: Platforms should not bill fund managers for services

16 Nov 2012

Skandia head of UK proposition Graham Bentley says platforms should take account of the services they provide to asset managers when setting their prices.
Old Mutual Wealth appoints Graham Bentley as head of investment marketing

15 Nov 2012

Old Mutual Wealth has appointed Graham Bentley as head of marketing.
Is Russia worth the risk?

15 November 2012

Is now the time to invest in the former superpower given its new membership to the World Trade Organisation?
Premier buys IFAlliance fund range

14 Nov 2012

Premier Asset Management has bought six multi-asset distributor-influenced funds from IFA coalition IFAlliance.
AIC publishes guide on portfolio holdings disclosure

7 Nov 2012

The Association of Investment Companies has issued a new guide for members about the disclosure of portfolio holdings post-RDR.
Are we on the verge of a multi-manager price war?

1 November 2012

Multi-managers have been slashing their fees this year, leading some to question whether a price war is on the horizon.
MAM Funds waits for risk-off to buy

1 November 2012

MAM Funds fund manager James Sullivan says they are waiting for a dramatic risk-off period to put cash to work.
Departures as Skandia restructures sales team

30 Oct 2012

Skandia UK has restructured its sales team as three sales managers depart the business.
Kames warns UK will lose AAA rating by 2014

26 Oct 2012

Kames Capital bond manager Phil Milburn says banks and consumers have run up too much debt to sustain the rating.
Morgan Stanley closes three structured products early

26 Oct 2012

Morgan Stanley has closed three of its products early due to oversubscription.
Investment analysis: Consumption-driven investments: Slower or growers?

25 October 2012

Funds that invest in the theme of consumption may be an attractive theme.
MM Profile: John Chatfeild-Roberts

25 October 2012

Jupiter chief investment officer John Chatfeild-Roberts says inflation is the “achilles heel” of the UK economy.
Thames River introduces fixed interest exposure to Equity Managed fund

25 October 2012

The fund has taken a 3.68 per cent position in the £816m Old Mutual Global Strategic Bond.
MAM Funds to rebrand funds as Miton

24 Oct 2012

MAM Funds may rebrand its funds under the Miton brand to unify its funds under a single brand by the end of the year, Money Marketing understands.
Aviva Investors head of strategic alliances to depart in sales restructure

24 Oct 2012

Aviva Investors head of strategic alliances Malcolm Mackenzie is to leave the firm along with another sales manager in a restructure of the sales team.
Swip appoints Shillaw to head £8bn real estate range

23 Oct 2012

Firm hires Lynda Shillaw from Lloyds as director of real estate.
Henderson head of global partnerships departs

23 Oct 2012

Henderson head of global partnerships James Tothill has left the firm after three years.
Burdett: Is it time to ditch the consumer?

17 Oct 2012

Thames River co-head of multi-manager Robert Burdett says he is concerned consumer staples companies are not able to trade much higher.
Fidelity mulls enhanced European dividend fund

12 Oct 2012

Michael Clark is running a pilot version of the fund, which uses a covered call strategy to generate high income.
Asset managers: We will not follow Witan and axe trail

11 Oct 2012

L&G, Ignis, Fidelity Worldwide Investments, Threadneedle, Henderson, Kames, Investec, Jupiter and Standard Life commit to paying trail post-RDR.
Industry welcomes further absolute return fund disclosure

11 Oct 2012

Fund managers say greater transparency will benefit consumers.
Architas looks to expand income range

4 October 2012

Architas is looking at expanding its multi-asset income fund range.
Henderson marketing and distribution services head Richard Wilson departs

28 Sep 2012

Henderson director of marketing and distribution services Richard Wilson has left the business.
Jupiter's Chatfeild-Roberts: gold could become a bubble

27 Sep 2012

Jupiter chief investment officer John Chatfeild-Roberts says he can see gold becoming a bubble.
Is now the time to look to India?

27 September 2012

Joanne Ellul looks at the opportunities for investors in India.
Standard Life Investments to launch EM debt fund

27 September 2012

The fund is currently in development.
Threadneedle launches multi-asset absolute return fund

27 September 2012

Threadneedle has launched a multi-asset absolute return fund for head of multi-asset allocation Toby Nangle.
VCTs face 75% fund raising collapse under Ucis

21 Sep 2012

Bestinvest says managers are bracing themselves for a reduction in VCT fund raising.
Jupiter's Bezalel adds risk into strategic bond

21 Sep 2012

Jupiter strategic bond manager Ariel Bezalel has cut Australian government bond exposure in his £1.2bn fund and raised his bank debt exposure as he adds risk into the fund.
Beagles: All is not doom and gloom for UK dividends

20 September 2012

JO Hambro Capital Management UK Equity Income fund manager Clive Beagles says the UK economy is stronger than the statistics show.
Henderson risk-profiles multi-manager funds

20 September 2012

Henderson Global Investors has used Distribution Technology to risk profile its funds.
Skandia to launch new income multi-manager range

20 September 2012

Range will be available towards the end of the month.
Standard Life Investments to launch EM debt fund

19 Sep 2012

The fund is currently in development.
Jupiter's Chatfeild-Roberts: Inflation could near double digits

19 Sep 2012

Jupiter chief investment officer John Chatfeild-Roberts says inflation could near double digits.
Jupiter's Chatfeild-Roberts: Now may be the time to buy Europe

18 Sep 2012

Jupiter chief investment officer John Chatfeild-Roberts says that now may be time to buy European assets.
Legal & General IM to boost active range following SLI hire

14 Sep 2012

Standard Life Investments global equities head Lance Phillips is to join LGIM to help grow the firm’s range.
Skandia to launch new income multi-manager range

14 Sep 2012

The four funds will be branded “Generation” funds and will be multi-manager funds run by John Ventre and his team.
Mark Mobius: Three things Greece must do to tackle deficit

14 Sep 2012

Franklin Templeton emerging market specialist Mark Mobius explains what Greece needs to do to tackle its deficit.
JO Hambro looks to distribute BT IM's fixed income range

14 Sep 2012

JO Hambro is considering distributing parent company BT Investment Management’s fixed income funds.
Henderson risk profiles multi-manager funds

13 Sep 2012

Henderson Global Investors has used Distribution Technology to risk profile five of its multi-manager range and the Henderson Cautious Managed Fund.
SLI £12bn GARS fund departures: IFAs give their verdict

13 Sep 2012

Advisers and discretionaries say there is a cause for concern following the departure of trio of managers to Invesco.
Chelsea FS research: Assets in underperforming funds double to £33bn

13 September 2012

Investors money in underperforming assets as revealed by the Chelsea Financial Services RedZone has more than doubled from £12.86bn to £32.68bn.
JO Hambro looks at multi-asset income and equity fund

13 September 2012

JO Hambro Capital Management is looking at launching a multi-asset fund that holds only fixed income and equities.
Invesco Perpetual poaches SLI multi-asset team

12 Sep 2012

Invesco Perpetual has poached three fund managers from Standard Life Investments to form a multi-asset team.
Old Mutual to drop Skandia name in rebrand

10 Sep 2012

Old Mutual is rebranding its merged asset management business Old Mutual Global Investors.
Chelsea FS research: Assets in underperforming funds double to £33bn

10 Sep 2012

Investors money in underperforming assets as revealed by the Chelsea Financial Services RedZone has more than doubled from £12.86bn to £32.68bn.
SEI looks to add structured products to platform

7 Sep 2012

SEI is looking at adding structured products to its platform, Money Marketing understands.
Thames River goes neutral on Japan

6 September 2012

Thames River multi-manager team have cut Japan exposure across the range from overweight to neutral as they become concerned about the economy.
AIC warns of Ucis ban impact on VCTs

6 Sep 2012

Venture capital trust shares may fall under the ban on the promotion of unregulated collective investment schemes to retail investors.
Fund managers pick up cheap banking stocks

6 Sep 2012

Fund managers are buying distressed bank stocks Standard Chartered and Barclays to gain from recovery in the stocks.
Darwin founder David Jane bolsters team with 3 hires

6 Sep 2012

Former M&G head of equities David Jane’s has made three appointments.
Gemini plans UK platform launch

6 Sep 2012

Gemini Investment Management is looking at launching UK platform for its fund offerings.
Architas adds risk-profiling to fund range

4 Sep 2012

Architas offers FinaMetrica risk-profiling for its funds.
AIC warns of Ucis ban impact on VCTs

Online - September 2012

Venture capital trust shares may fall under the ban on the promotion of unregulated collective investment schemes to retail investors.
BNP Paribas to launch structured product Ucits fund

30 Aug 2012

BNP Paribas is to launch a structured product in a fund.
Jupiter's De Blonay adds risk to Financials fund

30 August 2012

Guy De Blonay has doubled his exposure to special situations companies from 5 per cent to about 10 per cent.
TM Darwin's Jane cuts equities exposure

30 August 2012

TM Darwin founder David Jane has brought his equities exposure to the lowest it has been since last summer.
Matrix to close Ucits platform and Asia sub-fund

29 Aug 2012

Matrix Group is due to close its Ucits platform later this year and will close its Asia sub-fund.
Barclays opens up fund range to retail investors

29 Aug 2012

Barclays has made its GlobalAccess range available to the retail market.
Jupiter's De Blonay adds risk to finanials fund

28 Aug 2012

Guy De Blonay has doubled his exposure to special situations companies from 5 per cent to about 10 per cent over July and August.
City Asset Management to go restricted

23 Aug 2012

CAM says it will adopt a restricted model post-RDR, but aim for independent status in the future.
Skandia Investment Group BDM John Campbell leaves

23 Aug 2012

SIG revealed in July it is making around 30 redundancies as a result of its merger with Old Mutual Asset Managers.
Structured product platform in talks with other administrators

23 Aug 2012

Structured Products Go is looking to cut costs in the run up to the RDR.
Are inflation-linked funds a good bet?

23 August 2012

Inflation has fallen from its peak in September last year, so are inflation-linked funds losing their appeal?
MM Profile: Nicholas Coghill

23 August 2012

Although he only joined the firm in June, Nicholas Coghill is well acquainted with City Asset Management as his father, Viv Coghill, was chief executive before him and his mother, Hilary Coghill, is chief investment officer.
Philbin to reduce Hasley fund risk

23 August 2012

Hasley Investment Management is to revamp its £23m Elite Hasley multi-strategy fund and launch three risk-rated funds for Richard Philbin.
Lowcock to leave Bestinvest for Hargreaves Lansdown

22 Aug 2012

Adrian Lowcock is to leave Bestinvest to join rival discount broker Hargreaves Lansdown, Fundweb.co.uk understands.
BlackRock proposes absolute return definitions

17 Aug 2012

BlackRock says that categorisation of the absolute return sector must take into account both outcome and style of the funds.
Ashcourt Rowan hires ex-SLI head of funds research

17 Aug 2012

Ashcourt Rowan has appointed Alan Scrimger as head of funds research.
Investec to rebrand managed distribution fund

17 Aug 2012

The Investec Managed Distribution fund will become the Investec Diversified Income fund.
FE adds structured products to Analytics

17 Aug 2012

The move comes in response to adviser demand.
Ex-Architas CIO Richard Philbin joins Hasley Investment Management

16 Aug 2012

Hasley to launch three risk-rated for former Architas CIO.
Swip appoints director of equities

15 Aug 2012

Swip has made head of global equities William Low director of equities.
Are infrastructure funds the income safe haven?

9 August 2012

Joanne Ellul explores the risks attached to these funds.
Investec's Saunders doubles investment grade corporate bond exposure

9 August 2012

Investec head of multi-asset Philip Saunders doubles investment grade corporate bond exposure in the £390m Investec Multi Asset Protector fund
Rathbones' Coombs piles into cash

9 August 2012
Trackers record lowest sales for two years

3 Aug 2012

Net retail sales of tracker funds of £312m for the second quarter are the lowest since the first quarter of 2010.
Will there be a corporate bond fund liquidity crisis?

2 Aug 2012

Joanne Ellul asks if fears about a liquidity crisis in corporate bonds are valid.
Bestinvest considers ETF rating system

2 Aug 2012

Bestinvest is looking to rate exchange-traded funds to allow clients to more easily compare the products.
Eden doubles exposure to UK equities

2 August 2012
Castle Trust head of distribution to exit

26 Jul 2012

Castle Trust managing director of distribution Matt Nagele is set to exit the firm.
Whitechurch to launch risk-rated model portfolios

26 Jul 2012

Whitechurch Securities are in discussions with a third party risk profiler to launch risk-rated model portfolios.
Barings and Cazenove question corporate bond fund liquidity

26 July 2012
Defaqto says ETFs will surge post-RDR

26 July 2012

Defaqto says ETFs will grow in popularity because of the RDR but access to them through platforms is key.
S&P DJI looks to launch more low volatility indices

26 July 2012

S&P Dow Jones Indices is looking to launch more low volatility indices.
Santander multi-manager team moves neutral on equities

26 July 2012
Scottish Widows tops Bestinvest Spot the Dog report

26 July 2012

Scottish Widows Investment Partnership has topped the Bestinvest Summer ‘Spot the Dog’ report as the worst offender.
Vanguard looks to add cash and property index funds

26 July 2012

Vanguard is looking at launching a cash fund and a property tracker fund as the firm aims to fill the gaps in the range
Schroders head of European and UK credit exits

23 Jul 2012

Schroders head of European and UK credit strategies Adam Cordery has left the firm.
Vanguard set to launch cash and property fund to boost tracker range

23 Jul 2012

Vanguard is considering launching a cash fund and a property tracker fund as it looks to fill the gaps in its product range.
List of large firm offenders in Bestinvest 'dog' list

23 Jul 2012

Scottish Widows/Swip, Schroders, Fidelity, M&G and BlackRock all named as top five worst offenders.
Swip tops £26.6bn Bestinvest 'dog' list of funds

23 Jul 2012

Spot the Dog report sees investor money in dog funds increase to £26.6bn.
Should income hungry investors be looking at enhanced options?

23 Jul 2012

Are covered call strategies worth the risk.
Advisers question Threadneedle absolute return fund's performance target

19 Jul 2012

Advisers have questioned the 10-15 per cent performance target and high fees on Threadneedle’s new absolute return commodities fund.
Gemini launches high income fund

19 Jul 2012

Gemini Investment Management has launched a high income fund that invests in loan notes.
Investec's Eerdmans doubles euro short to guard against crisis

19 Jul 2012

Investec Asset Management head of emerging market debt Peter Eerdmans has doubled his short on the euro to protect his fund from the eurozone crisis.
Thames River and PSigma back FSA corporate bond liquidity warning

19 July 2012

Thames River and PSigma Investment Management have both backed the FSA over its concerns around corporate bond liquidity.
Psigma buys catastrophe bonds for first time

17 Jul 2012

Psigma Investment Management adds catastrophe bonds to its discretionary portfolio for the first time.
Thames River and PSigma back FSA corporate bond liquidity warning

17 Jul 2012

Fund managers have backed the FSA over its concerns around corporate bond fund liquidity.
Mundy raises Investec gold exposure

13 Jul 2012

Investec fund manager increases exposure to gold shares in the £2.2bn cautious managed fund.
Is it time to stick or twist on European equities?

12 Jul 2012

Should investors wait a little longer before ploughing money into Europe?
Jupiter plans to risk-rate £7bn Merlin range

12 Jul 2012

Jupiter Asset Management is in talks with Distribution Technology to risk-rate the £7bn Merlin fund range.
Argonaut looks at developed fund for Bennett

12 Jul 2012

Argonaut is looking at launching a developed market equity fund for manager Greg Bennett.
Alliance Trust set to close three equity funds

12 July 2012
JPM adds investment outsourcing solution for advisers to its offering

12 July 2012
Morrissey departs from Liontrust after 10 years

12 July 2012
Meteor starts distribution payments to Lehman-backed product investors

11 Jul 2012

Meteor Asset Management has started making small distribution payments to investors in its Lehman Brothers-backed structured products.
JP Morgan Asset Management launches GEM Income fund

9 Jul 2012

JP Morgan Asset Management has launched a Global Emerging Markets Income fund.
Scraping the barrel?

5 July 2012
Liontrust head of distribution Micky Morrissey quits

6 Jul 2012

Liontrust head of distribution Micky Morrissey has left the firm.
Cofunds to offer all structured products on its platform

5 Jul 2012

Cofunds is in talks with a structured product wrap provider to offer investors access to the whole structured product market by early next year.
M&G set to switch £2bn property portfolio into Paif

5 Jul 2012

Aviva Investors says the firm is also looking to convert the £1.7bn Aviva Investors property trust into a Paif.
Argonaut confirms ex-Neptune hires and announces operational independence

4 Jul 2012

Argonaut confirms the hire of former Neptune sales team as it announces its operational independence from Ignis.
Gemini looks to Middle East and N Africa

29 Jun 2012
M&G risk-rates multi asset funds

29 Jun 2012

M&G Investments is the latest firm to introduce risk-ratings for its funds, with three of its multi-asset funds given a rating.
Parmenion introduces tiered charging structure

28 Jun 2012

Parmenion has introduced a tiered charging structure for its administration and custody charge.
Barclays unbundles structured product charges

28 Jun 2012

Barclays has unbundled the product charges on one of its structured products.
Nimmo's UK smaller cos fund re-opens to SL wrap users

28 Jun 2012

Standard Life Investments has re-opened Harry Nimmo’s UK smaller companies fund to investors via its own wrap platform.
Neptune marketing director to join Aberdeen

27 Jun 2012

Neptune marketing director Georgina Pardoe is to join Aberdeen Asset Management.
Cofunds head of commercial quits

27 Jun 2012

Cofunds head of commercial Russell Lancaster is leaving the firm.
Neptune marketing director quits

26 Jun 2012

Neptune marketing director Georgina Pardoe has left the firm.
Investec hires strategic partnerships sales director

25 Jun 2012

Martin Currie sales manager Fergus McCarthy is set to leave the firm to join Investec Asset Management in a new role covering strategic partnerships.
Pharma trials

25 Jun 2012
Towry’s Fisher named in film scheme investigation

22 Jun 2012

Towry’s chief executive Andrew Fisher invested in film schemes under investigation by HMRC.
Argonaut replaces Ignis as fund administrator

21 Jun 2012

Argonaut has appointed IFDS to administer the fund range.
New structured product provider launches

21 Jun 2012

Structured Investment Group (SIG) has launched to provide product for the financial adviser market.
Hector Sants: Link bankers’ pay to customer service

21 Jun 2012

Banks should link staff pay to customer service, according to head of the FSA Hector Sants.
7IM to look at execution-only set-up for advisers

15 Jun 2012
Calls continue to axe absolute sector

15 Jun 2012
L&G looks at risk-rating multi-manager range

15 Jun 2012

L&G Investments is the latest firm to look at risk-profiling its funds.
Merchant House ponders future options as share suspension continues

14 Jun 2012

Merchant House Group is considering a number of options including attracting new investors and a potential sale.
ETFs facing crisis if gold value dips

14 June 2012
Invesco manager Ho quits firm

14 June 2012
Jeffries will head team to manage two Sarasin Fofs

14 June 2012
Return to sender

14 June 2012
Taylor moves up to mid caps in Chelverton income fund

14 June 2012
Ex-Fidelity director Peter Hicks sets up advice firm

13 Jun 2012

Former Fidelity Worldwide Investment product director for UK equities Peter Hicks has set up an advice firm.
TOBAM launches Pacific ex-Japan fund with 7IM backing

7 Jun 2012
Sarasin launches two global funds of funds

7 Jun 2012

Sarasin & Partners has unveiled two funds of funds to be managed by a team headed by Sam Jeffries.
Invesco China fund manager leaves

7 Jun 2012

Invesco China fund manager Samantha Ho has left the firm.
Swip UK income fund set for quant shift

7 Jun 2012

The Swip UK income fund is one of the funds set to move to a quantitative strategy, Money Marketing understands.
BlackRock and Bloomberg set up consolidated ETF feed

7 June 2012
Don't trip the trap in Japan

7 June 2012
Equilibrium and 7IM turn to derivatives

7 June 2012
Rising counterparty risk sees Architas shun synthetic ETFs

7 June 2012
SLI positions GARs fund to benefit from volatility

1 Jun 2012

Standard Life Investments has positioned its £11.2bn global absolute return strategies fund to benefit from more market volatility.
BlackRock issues warning on UK consumer stocks

1 Jun 2012

BlackRock UK absolute alpha fund co-manager Nick Osborne has sounded a warning over UK consumer stocks.
Assets plunge for BlackRock UK absolute alpha fund

1 Jun 2012

The BlackRock UK absolute alpha fund has seen its assets almost halve to £1bn over the year to the end of April.
Schroders mulls fund for IMA mixed 0-35% sector

31 May 2012

Schroders is considering launching a multi-asset fund in the Investment Management Association’s mixed investment 0-35 per cent shares sector.
BlackRock defends performance fees for UK absolute alpha

31 May 2012

BlackRock has defended using performance fees on its £1bn UK absolute alpha fund.
Sanlam targets IFA acquisitions

31 May 2012

Sanlam Private Wealth is looking to complete a further six acquisitions in the next two months to benefit from advisers quitting the industry in the run-up to the RDR.
Investec appoints Nelson and Whall for global energy fund

29 May 2012

Tom Nelson and Charles Whall to take on the global energy fund.
Rebecca Taylor appointed IFP vice president

29 May 2012

Dunham Financial Services managing director Rebecca Taylor has been appointed IFP vice president.
Restructured products add accessibility

28 May 2012
Fidelity names Clougherty as head of UK retail

25 May 2012

Fidelity Worldwide Investment has announced that John Clougherty will join as head of UK retail in June.
Swip investment sales director to leave

25 May 2012

Swip investment sales director Stephen Packter has been made redundant.
Sanlam acquires client bank of Middlesex IFA

25 May 2012

Sanlam Private Wealth has acquired IFA firm Camilleri & Associates.
BlackRock's Mark Lyttleton to take 3 month break

25 May 2012

BlackRock fund manager Mark Lyttleton is taking a 12-week break.
Newton's Harries: Chinese growth is unsustainable

25 May 2012

Newton fund manager James Harries has warned against investing in China, warning that the country’s growth model is not sustainable.
Fund firms issue gold warning

25 May 2012

Skandia, Fidelity Worldwide Investment and Eden Financial have warned investors they do not feel gold is a safe-haven asset.
Schroders plans onshore Euro income maximiser

25 May 2012

Schroders is planning to launch an onshore version of its European income maximiser once investors’ risk appetite returns.
Morningstar slams Alliance Trust over investment trust transparency

23 May 2012

Morningstar has criticised the transparency of the Alliance Trust investment trust as it calls for greater transparency in the sector.
Dobell's recovery fund targets consumer sector

24 May 2012
Ex-Close AM trio launches new venture with two portfolios

24 May 2012
Ex-M&G head Stewart to join Santander AM as CIO

24 May 2012
Global income for Equilibrium

24 May 2012
Neptune picks Pogmore

24 May 2012
Rathbone goes for gilts while M&G backs bonds

24 May 2012
Riddell rubbishes emerging market 'safe haven' claims

24 May 2012
Richard Woolnough: UK banks facing downgrades

21 May 2012

M&G fund manager says UK banks are facing downgrades as part of a wave of credit rating cuts.
Home run

21 May 2012
HMRC stance on VAT could prompt fee overhaul for DFMs

18 May 2012

Discretionary managers say they may need to overhaul their fee structure if HMRC revises its stance on VAT on discretionary management services.
Neptune hires Pogmore as intermediary sales manager

18 May 2012

Neptune Investment Management has hired Nick Pogmore as intermediary sales manager for the south-east.
‘Structured products have been battered but the sector is set for growth'

17 May 2012
Fund expert: Don’t rush to buy Facebook

17 May 2012

FundExpert.co.uk founder Brian Dennehy says investors should not rush in to buy Facebook after it floats on the stockmarket
ETF specialist iShares aims at bonds with eurozone range

17 May 2012
Tracker fund business reaches a record high

17 May 2012
M&G’s Riddell: EM debt is not a safe haven

16 May 2012

M&G bond manager Mike Riddell says emerging markets are not a safe haven from the developed world.
Lowes and Meteor link up for structured product platform

16 May 2012

Adviser firm Lowes Financial Management and Meteor Asset Management are launching a structured product platform in the summer.
M&G’s Dobell favours consumers stocks in recovery fund

16 May 2012

M&G fund manager Tom Dobell says he is seeing a number of opportunities in the consumer sector for his £7.9bn recovery fund.
Is emerging market debt worth the risk?

14 May 2012

Emerging market debt is gaining popularity among fund managers but as the asset class is linked to currency, Joanne Ellul asks if it is too volatile for the average investor
Willis Owen scraps price pledge after trail payback

11 May 2012

Willis Owen has ditched its price pledge offer for investors after returning the trail commission to investors in half of the funds involved in the offer for the past year.
Axa Wealth sales drop 11% as Architas sees steady growth

11 May 2012

Axa Wealth sales dropped 11 per cent in the first quarter compared to the first three months of 2011.
Move to kick long-duration bonds out of strategic sector

11 May 2012

Henderson and JP Morgan are calling for the IMa to exclude long-duration institutional bonds from the strategic bond sector.
Clients face higher costs from DFM tax

10 May 2012

European Court of Justice recommendation is likely to push up costs for investors.
Zurich sales head to join UBS

10 May 2012

Zurich head of fund group sales relationships Stephen Hutton will join UBS Global Asset Management as head of UK wholesale.
Royal London new business falls 10 per cent

10 May 2012

Royal London’s new business fell by 10 per cent in the first quarter of this year.
French firm Carmignac to launch 10 funds in UK

10 May 2012

French firm Carmignac Gestion says it intends to launch 10 funds in the UK in the second half of this year.
Reyker double-charge blunder angers Lowes

10 May 2012

Lowes Financial Management has slammed Merchant Capital’s new custodian Reyker Securities after administrative blunders saw it bill some clients twice for its services.
Property Paif will open up access in autumn

10 May 2012
Schroders adds four ICE recruits to boost emerging market debt

10 May 2012
Analysis: IMA says research backs its stance on TER

9 May 2012

The IMA says that total expense ratio is an appropriate measure of fund costs as it publishes new research.
Williams de Broe chief exec steps down

8 May 2012

Williams de Broe chief executive Philip Howell has resigned and has been replaced by the Investec Wealth & Investment chief executive.
Aviva chief exec Andrew Moss quits

8 May 2012

Aviva chief executive Andrew Moss has stepped down.
Henderson’s Pattullo backs fixed-income fund limit

3 May 2012

Henderson head of fixed income John Pattullo has backed the IMA’s proposal to limit exposure to asset-backed securities in fixed-income funds but Baillie Gifford is calling for more flexibility.
Investec rethinks Africa and Middle East funds

3 May 2012
NAB to cut 1,400 UK jobs

3 May 2012
Pritchards Stockbrokers estimates £3.4m cash shortfall

2 May 2012

The special administrators of Pritchard Stockbrokers has estimated a £3.4m shortfall of cash in Pritchard’s client accounts.
Hearthstone Investments hires ex-Omam distribution head

2 May 2012

Hearthstone Investments has appointed ex-Omam distribution head Kevin Bull as key account manger.
Pru to merge three funds into M&G counterparts

1 May 2012

Prudential is to merge three of its unit trusts into M&G equivalents in the latest raft of mergers.
JP Morgan launches diversified real return fund

1 May 2012

JPM has launched a real return fund aimed at producing positive returns in an inflationary environment.
Ignis to launch absolute return product for credit team

1 May 2012

Ignis Asset Management has confirmed it is planning to launch an absolute return fund for Chris Bowie in the summer.
Old Mutual makes BNY Mellon hire following shake-up

1 May 2012

Old Mutual is set to hire a head of product development and has appointed a chief risk officer to its merged investment business.
Investec restructures Middle East and Africa fund range

30 Apr 2012

Investec is consolidating its Middle East and Africa fund range.
Yorkshire and Clydesdale banks to cut 1,400 jobs

30 Apr 2012

National Australia Bank, parent of the Clydesdale and Yorkshire banks in Britain, is to cut 1,400 jobs in the UK by 2015.
Aviva chief waives rise as provider announces pay review

30 Apr 2012

Aviva is to review executive pay at the firm and chief executive Andrew Moss is to waive a 4.8 per cent pay rise.
Energy meter

30 Apr 2012
Skandia raises Japan holdings

27 Apr 2012

Skandia has raised its £848m global dynamic equity fund’s exposure to Japan from a neutral to an overweight position.
Cartesian set to move fund distribution from Ignis

26 Apr 2012

Cartesian Capital Partners is in discussions with Ignis Asset Management to move the distribution of its fund range from Ignis to National Wealth Service.
Gemini to bring Asia funds to UK

26 Apr 2012
Omam introduces dollar exposure for global fund

26 Apr 2012

Omam’s Stewart Cowley has introduced dollar exposure into the £629m Old Mutual global strategic bond fund in anticipation of a flight to safety.
Investec puts fixed-income bond range on the defensive

26 April 2012
SLI adds emerging bond team

26 April 2012
Thames River and Skandia funds to take cover from Euro uncertainty

26 April 2012
12,000 Pritchard clients warned over cash asset shortfall

25 Apr 2012

Clients warned it is “highly likely” there will be a shortfall in their share of £24m of Pritchard Stockbrokers’ cash assets.
Threadneedle hands over EM bond funds to Stipp

23 Apr 2012

Threadneedle has named Henry Stipp as manager across five emerging market bond funds following the departure of Richard House to Standard Life.
Are tech stocks fit to burst?

23 Apr 2012
Absolute bonds flop as fund sales thrive

20 Apr 2012

Absolute return bond funds suffered £190m of outflows across Europe during February.
Baillie Gifford to axe minimum limit

20 Apr 2012

Baillie Gifford plans to scrap the £250,000 minimum investment limit on its institutional share class to open it up to advisers.
Swip hands over UK mandates to Clunie

20 Apr 2012

Scottish Widows Investment Partnership has passed on the management of the UK select growth fund and UK opportunities fund to manager James Clunie.
Henderson's technology director warns of social media bubble

20 Apr 2012

Henderson director of technology Stuart O’Gorman has warned of a social networking bubble which is likely to grow following the Facebook initial public offering next month.
Neptune's Wintle steps down from Latin America fund

20 Apr 2012

Neptune head of US equities Felix Wintle has stepped down from the firm’s Latin America fund.
Advisers back Swip switch away from active fund stance

19 Apr 2012

Adviser firms have welcomed Swip’s move away from equity active management after underperformance across many of its equity funds.
Nest picks Royal London for bond 'building block' mandate

19 Apr 2012
Cazenove bolsters multi-manager reporting standards

19 Apr 2012

Cazenove Capital is introducing enhanced reporting on its multi-manager funds.
23 Swip jobs go in equities' shift

19 April 2012
FSA reports of cloned firms tripled last year

19 April 2012
Platform distribution head Platt leaves Zurich

19 April 2012
Argonaut to appoint ex-Neptune sales team

18 Apr 2012

Former Neptune head of strategic partnerships John Lester and his team are to join Argonaut.
Swip to restructure sales team roles

18 Apr 2012

Scottish Widows Investment Partnership has told a third of investment sales team to reapply for their positions.
FSA reveals large increase in 'cloned firm' reports

17 Apr 2012

There has been three times as many ’boiler room’ fraud reports about cloned firms in 2011 compared with 2010.
Swip terminates contract on UK select trust

17 Apr 2012

Scottish Widows Investment Partnership has stepped down from management of the UK select trust.
Merchant House Group awaits payment for shares

13 Apr 2012

Merchant House Group is still awaiting a £150,000 payment for shares issued by the company in February.
Ashcourt Rowan appoints investment chief

12 Apr 2012

Ashcourt Rowan Asset Management has appointed Toni Meadows as its chief investment officer.
Funds hit as India shuts CGT loophole

12 Apr 2012

Indian government shuts 15% trading loophole.
Jupiter set to launch multi-asset fund for Geldard

11 Apr 2012

Jupiter Asset Management is to launch an onshore absolute return multi-asset fund for fund manager Miles Geldard.
Zurich platform sales head exits

11 Apr 2012

Zurich Financial Services head of platform distribution Jaki Platt has left the business.
Renaissance streamlines fund range

6 Apr 2012

Renaissance Asset Managers is merging its £157.3m Eastern European fund into the £35m Emerging Europe fund.
Lowes queries ethics of enhanced share buyback schemes

5 Apr 2012

Managing director Ian Lowes says VCTs are using enhanced share buyback schemes to encourage investors to stay in badly performing investments.
RBS structured product director leaves

5 Apr 2012

Royal Bank of Scotland Global Banking & Markets director of structured products David Stuff has left the business.
BNP Paribas emerging debt team moves to BlackRock

05 April 2012
EIS investors face losses under deal to cut Rangers' debt

3 Apr 2012

Around half of the money owed to Ticketus by Rangers is thought to be wiped off if Blue Knights Consortium take over the club.
BlackRock hires emerging market debt team from BNP Paribas

3 Apr 2012

BlackRock has appointed an emerging market debt team of seven managers from BNP Paribas’ Investment Partners.
Another senior departure at Aviva Investors

2 Apr 2012

Aviva Investors global head of products Jeremy Soutter is to leave the firm.
On the Reit track

2 Apr 2012
JP Morgan pauses low-cost fund drive after 'tiny' inflows

30 Mar 2012

JP Morgan says flows into its low-cost UK active index plus fund have been “tiny” and it has no plans to launch another low-cost fund until inflows improve.
MAM to launch multi-asset fund offering 4% yield

30 Mar 2012

MAM Funds is setting up an income multi-asset fund for managers James Sullivan and Martin Gray on May 4.
Standard's Nimmo doubles emerging market exposure

30 Mar 2012

Standard Life head of smaller companies Harry Nimmo has doubled his global smaller companies fund’s exposure to global emerging markets.
Client anger over new Merchant Cap fees as group suspends shares

29 Mar 2012

New custodian Reyker Securities has written to clients telling them to pay between £15 and £25 to receive late income payments.
Clougherty leaves Aviva amid business shake-up and job losses

29 March 2012
Stress test to assess performance

29 March 2012
Aviva Investors UK funds chief John Clougherty exits

27 Mar 2012

Aviva Investors UK funds chief executive John Clougherty has left the firm.
Small change

26 Mar 2012
FSA sets out final guidance on structured products

23 Mar 2012

The FSA has set out details of how structured products should be stress-tested in its final guidance.
Deloitte: Trust diversity could be hit by AIFM

23 Mar 2012

Deloitte has warned that AIFM directive proposals could harm diversity on trusts’ boards.
Artemis' Foster fund cuts bank exposure

23 Mar 2012

Artemis strategic bond fund manager James Foster has slashed bank exposure in the firm’s £541m strategic bond fund.
Skandia and OPM split on strategic equity exposure

23 Mar 2012

Skandia Investment Group and OPM Fund Management are split over whether strategic bonds should have a high exposure to equities.
Large AR firm quits Openwork over costs

22 Mar 2012

Openwork has ended its relationship with Blueprint.
Neptune set to rename Pacific opportunities fund

22 Mar 2012

Asia Pacific opportunities fund is set to be renamed the South East Asia fund and see a change in investment aims.
Budget 12: Treasury to consult on relaxing Reit tax rules

22 Mar 2012

The Government says it may relax income taxation rules for real estate investment trusts that invest in other Reits.
Barclays Wealth portfolios offer advisers outsource deal

22 March 2012
Chelsea's Woodbridge joins Barclays Wealth

22 March 2012
F&C outflows reach £7bn as firm looks to cut costs

22 March 2012
Fidelity's Khan targets emerging market banks

22 March 2012
NAPF says pension funds will not go for 100-year bonds

22 March 2012
Paraplan and asset allocation modelling services added by Defaqto

22 March 2012
Budget 12: VCT and EIS annual investment limit changed to £5m

21 Mar 2012

The annual investment limit for a VCT and EIS investing in a qualifying company has been revised down to £5m, after it was to be originally increased to £10m.
Budget 12: Chancellor confirms the launch of long-dated gilts

21 Mar 2012

Chancellor George Osborne confirms that he is looking at gilts with durations of over 50 years and perpetual gilts.
Barclays launches five risk-rated discretionary portfolios

20 Mar 2012

Barclays Wealth is to launch a discretionary portfolio management service to target the intermediary market.
Martin Currie and Jupiter to launch RDR share classes

19 Mar 2012

Martin Currie has prepared 1% share classes , while Jupiter Asset Management is considering reducing the minimum on its institutional class.
Is Russia on the rebound?

19 Mar 2012

Joanne Ellul reports on a post-election market rally in Russia.
Chelsea's Matt Woodbridge to join Barclays Wealth

16 Mar 2012

Chelsea Financial Services head of investment products Matthew Woodbridge is leaving the firm to join Barclays Wealth.
Skandia drops JP Morgan from global equity mandate

16 Mar 2012

Five Oceans Asset Management has taken over management of the £222m Skandia global equity fund.
Aberdeen overhauls multi-manager pricing

16 Mar 2012

Firm is moving from dual-pricing to single-pricing across its £680m multi-manager range and in its £40m diversified growth fund.
Fears raised over strategic bond allocations

16 Mar 2012

TM Darwin founder David Jane has warned multi-asset funds that invest heavily in strategic bonds may not offer investors sufficient diversification.
Skandia looks at move into annuity market

15 Mar 2012

Skandia is considering launching a range of annuities and making other providers’ annuities available on its platform.
F&C reports £7.2bn of outflows in 2011

15 Mar 2012

F&C Asset Management has reported £7.2bn of outflows in 2011.
Absolute funds confuse public and advisers

15 March 2012
Allfunds UK and Ireland chief Gadd steps down

15 March 2012
Ashby to run Ignis income

15 March 2012
L&G's Hodges cuts back on gilts in dynamic bond fund

15 March 2012
McQuaker warning over gilt exposure

15 March 2012
Schroders chair and CIO to leave

15 March 2012
Ignis strategic head departs- up to 20 jobs at risk

14 Mar 2012

Ignis head of strategic alliances Nick Pogmore has been made redundant and up to 20 staff have been put on consultation.
Osborne considers launch of 100-year bond

14 Mar 2012

Chancellor aims to launch “super gilts”- bonds with a repayment date lasting 100 years or more.
FSA sounds misselling risk over absolute return funds

13 Mar 2012

The FSA says absolute return funds may pose a misselling risk to consumers.
Close Brothers narrows losses to £2.6m

13 Mar 2012

Close Brothers Asset Management has delivered a loss of £2.6m as the group nears completion of the restructuring of the business.
Liontrust buys Walker Crips Asset Managers for £12m

13 Mar 2012

Liontrust has bought Walker Crips Asset Managers for £12.3m to enhance their UK equity presence.
Allfunds Bank head Alan Gadd to step down

12 Mar 2012

Allfunds Bank head of UK and Ireland Alan Gadd will step down from his role at the end of April.
Bestinvest opens up loyalty bonus for Isa investors

12 Mar 2012

Bestinvest has removed the minimum investment on its loyalty bonus and claims its bonus scheme is better value than its rivals.
Ardevora to launch onshore income fund

12 Mar 2012

Ardevora is to launch the first onshore fund in its range for Jeremy Lang and William Pattison.
Threadneedle's Morrogh bullish on bank property sale

12 Mar 2012

Threadneedle fund manager Chris Morrogh says the move will be a dampener on property prices, but will present an opportunity to buy property at lower valuations.
Standard Life's Richard Batty favours high yield

12 Mar 2012

Standard Life investment director Richard Batty says that it is better to add risk to portfolios through exposure to US high yield, rather than US equities.
King warns banks are in denial over public anger

12 Mar 2012

Bank of England governor says anger is “very real and wholly understandable”.
Damage limitation

12 Mar 2012
Merchant Capital confirms transfer of non-cash assets to Reyker Securities

9 Mar 2012

£310m of non-cash assets held by Pritchard Stockbrokers have been transferred to the new custodian, while cash assets are still frozen.
F&C set to close Thames River world government bond fund

9 Mar 2012

Thames River is set to close its world government bond fund after its one client decided it no longer wanted to invest in the sector.
LV='s Graham Ashby to join Ignis

9 Mar 2012

Ashby will run its £90.6m equity income fund, replacing Martin Brown.
Lowes to launch VCT comparison website

9 Mar 2012
Standard Life platform looks to offer Barclays structured products

9 Mar 2012

Standard Life is in discussions with Barclays Capital about adding structured products to the platform.
David Jane Darwin fund buys banks for first time

8 Mar 2012

TM Darwin founder David Jane has invested in banks for the first time in the multi-asset fund.
Close Bros looks for buys to add 80 advisers by July

8 Mar 2012

Close Brothers Asset Management chief executive Martin Andrew says the company plans to continue its acquisition programme.
Merchant Capital warns investors to expect income delays

8 Mar 2012

Firm confirms some investors’ income payments have been delayed after the FSA suspended former custodian Pritchard Stockbrokers.
M&G to revamp emerging markets bond fund strategy

8 Mar 2012

The M&G emerging markets bond fund is set to amend its investment policy to make the fund more flexible next month.
Franklin launches global convertible fund

8 March 2012
Himsworth adds oil and gas exposure to Eden select opps

8 March 2012
Income funds build up UK banks after European refinancing deal

8 March 2012
Martin Currie streamlines its US range and relaunches Euro fund

8 March 2012
Nine saving schemes to close at F&C

8 March 2012
Private equity venture is latest move for Horlick

8 March 2012
Charles Stanley appoints Cofunds as fund custodian

6 Mar 2012

The move will see an initial £1.2bn of funds moved across to Cofunds’ institutional service.
Have GEM closures opened the door for India?

5 Mar 2012

Investors hoping to tap into India’s growth potential are opting for single-country funds due to a spate of soft closures of Gem funds, says Joanne Ellul.
Neptune to rename Asia Pacific opps fund

1 Mar 2012

Neptune Asia Pacific opportunities fund is set to be renamed the Neptune south east Asia Fund, Money Marketing understands.
Octopus still confident in protected EIS

1 Mar 2012

Octopus has told advisers with clients in its protected EIS scheme that it remains “confident” in the product.
Pritchard loan mystery for Merchant House

1 Mar 2012

Merchant House Group claims it is not aware of a £250,000 unsecured loan to its former custodian Pritchard Stockbrokers.
Investec sales head Hymos quits firm

1 Mar 2012

Investec Asset Management head of national and network sales Darren Hymos is leaving the firm, Money Marketing understands.
Deutsche Bank and SCM team up to offer fund of ETFs

1 March 2012
Renminbi offshore bond fund aiming for £95m capacity

1 March 2012
Sceptical regulator sets out evidence requirements for Dif business

1 March 2012

Advisers will be able to recommend distributor-influenced funds and retain their independent label, the FSA has confirmed.
Tonkinson joins Skandia as head of distribution

1 March 2012
F&C to close nine savings plans

29 Feb 2012

F&C is to close nine of its investment trust savings plans that were inherited when it merged with Ivory & Sime.
F&C to rename south east Asia fund

29 Feb 2012

F&C is to rename its south east Asian equity fund as the Asian alpha fund.
UBS appoints interim head of strategic alliances

28 Feb 2012

UBS Global Asset Management’s head of wholesale for Europe and the Middle East Rob Lay has assumed interim responsibility for strategic alliances.
Close Brothers UK intermediary acquisitions head to retire

28 Feb 2012

Close Brothers Asset Management head of intermediary acquisitions Stuart Dyer is to retire from the business.
PSigma set to wind up European income fund

28 Feb 2012

The PSigma European income fund is to close after failing to attract new investors.
FSA produces final guidance for Difs

27 Feb 2012

The FSA says that firms can be independent and still recommend distributor-influenced funds.
Soft landing

27 Feb 2012
Jupiter European fund makes cyclical move

24 Feb 2012

Cedric de Fonclare plans to move 10 per cent of the £551m European special situations fund into cyclicals over the next six months.
North set to offer research and rating service

24 Feb 2012
Baillie Gifford could soft-close another Gem fund

24 Feb 2012

Baillie Gifford has warned it will soft-close its £421m emerging markets leading companies fund if it sees £10m of net inflows over the next 12 months.
Distributor body merges with Tisa

23 February 2012
Rathbone adds fee-only share class on funds

23 February 2012
Rowan Dartington offers model portfolio service

23 February 2012
Deutsche Bank partners with SCM to launch fund of ETFs

22 Feb 2012

Deutsche Bank’s exchange traded fund platform and investment manager SCM Private have partnered to launch a fund of ETFs.
Skandia appoints head of UK distribution

22 Feb 2012

Skandia Investment Group has appointed Warren Tonkinson as head of UK distribution
Merchant won't rule out income delays after stockbroker suspension

22 Feb 2012

Merchant House Group has refused to rule out delays to Merchant Capital investors’ income payments.
Cofunds appoints sales head from Axa Elevate

22 Feb 2012

Cofunds has appointed a head of strategic partnership managers from Axa Wealth Elevate.
Mark Lyttleton to step down from BlackRock UK fund

21 Feb 2012

BlackRock’s Mark Lyttleton is to stand down as fund manager of the £447m BlackRock UK fund.
Repeat offender Swip leads Bestinvest "dog" funds list

21 Feb 2012

Bestinvest has revealed that more than £9.2bn was held in underperforming dog funds.
Henderson drops absolute return label from European fund

21 Feb 2012

Firm renames £8m European absolute return fund as the Henderson Gartmore European equity long/short fund.
Building bricks

20 Feb 2012
Merchant Capital appoints Reyker Securities to take over as custodian

17 Feb 2012

Merchant Capital has appointed Reyker Securities to handle client monies in its structured products division to replace Pritchard Stockbrokers.
Morgan Stanley job cuts loom on derivatives

17 Feb 2012

Morgan Stanley European head of structured product marketing Sophie Barnett has been put on consultation along with other members of the equity derivatives team, Money Marketing understands.
Artemis fund raises US exposure

17 Feb 2012

Artemis Investment Management fund manager Simon Edelsten has raised his US equity exposure in the £15m global select fund in a bid to tap into the US economic recovery.
IShares looks to set up long-duration gilt ETF

17 Feb 2012
Kames targets derivatives and property shares for Aegon fund

17 Feb 2012

Kames Capital is planning to introduce derivatives and property shares to its £968m Aegon UK property fund to increase its liquidity.
Rowan Dartington to launch model portfolio service

16 Feb 2012

Rowan Dartington is to launch five risk-rated model portfolios and three direct shares and collectives portfolios.
Adviser welcome relaxed Fatca proposals

16 Feb 2012

Advisers have welcomed the US government’s move to relax the proposals for its foreign account tax compliance act.
Mixed funds are half of RedZone

16 February 2012
'Finance Bill will stop new VCT players'

16 February 2012
Standard's UK equity fund on income black list

16 February 2012
The cost of caution

16 February 2012
M&G tops sales table for third consecutive year

14 Feb 2012

M&G has topped the list of fund manager sales of investment funds in the UK in 2011, according to the Pridham report published by Fundscape.
SCM slams US asset managers over portfolio disclosure

14 Feb 2012

SCM Private has also warned that absolute return funds could be the next misselling scandal.
Standard Life's Robertson heads four new entries into Principal black list

13 Feb 2012

The £705m Standard Life UK equity high income fund leads a list of four new entries into the Principal black list.
F&C rejects separate SRI sector

10 Feb 2012
Insynergy waits for public to catch up on India

10 Feb 2012
Lead company failed to deliver IFA's order

10 Feb 2012
F&C corporate affairs director steps down

9 Feb 2012

F&C head of corporate affairs Jason Hollands will be leaving the group over the next few months and the communications team have been placed at redundancy risk.
Friends Life may turn to equity outsourcing

9 Feb 2012

Provider considering outsourcing its equity mandate and is in talks with Jupiter Asset Management on running Japanese equities.
Jupiter looks at adding onshore absolute return fund

9 Feb 2012

Firm considers bolstering range by launching an onshore version of the £120.5m strategic total return Sicav.
IMA sees sales plunge by 40% as eurozone crisis scares off investors

9 February 2012
L&G cuts charges on tracker range

9 February 2012
Old Mutual to return £1bn after selling Nordic firm

9 February 2012
UK heading for a technical recession

9 February 2012
Yousefian doubles up on US in OPM's worldwide opps fund

9 February 2012
US government waters down Fatca requirements

8 Feb 2012

UK Government agrees to report information to the IRS on behalf of financial firms.
New horizons

6 Feb 2012
Alliance Trust mulls target return bond

3 Feb 2012

Alliance Trust is considering launching a target return bond fund and has dropped plans for a strategic bond fund.
Old Mutual builds up Euro banks

3 Feb 2012
Ardevora adds cheap info tech stocks to global equity

3 Feb 2012

Ardevora partner Jeremy Lang has added 9 per cent in information technology stocks in the Ardevora global equity fund.
BlackRock mulls strategic bond fund launch

2 Feb 2012

BlackRock is considering launching a strategic bond fund this year to help with investors’ search for income.
Diamond says Barclays will boost wealth management

2 February 2012
IMA figures dismiss the myth of 'hidden charges'

2 February 2012
IMA's new sector gets a mixed response

2 February 2012
Aviva Investors to launch global team to replace SRI

1 Feb 2012

Aviva Investors has confirmed it is to axe its SRI team and plans to create a global team that looks at responsible investment across its fund range.
Aviva Investors to manage European equities out of Paris

1 Feb 2012

Aviva Investors could manage its £140m European equity fund out of Paris following a review that has seen the closure of four equity desks.
Aviva Investors SRI team set to be sold off

1 Feb 2012

Aviva Investors’ sustainable and responsible investment team and £1.1bn fund range are set to be sold off as part of the firm’s move to reduce its retail presence.
Lloyds Banking Group announces management shake-up

1 Feb 2012

Lloyds Banking Group has announced changes to its board and management team.
European leaders push ahead with fiscal treaty

31 Jan 2012

The UK was one of two countries out of 27 that refused to sign an EU treaty that enforces stricter budgets.
M&G Investments hires real estate head

31 Jan 2012

M&G Investments has appointed Alex Jeffrey as the chief executive of its real estate fund management business.
Former Cofunds chief Williams joins private equity firm

30 Jan 2012

Former Skandia and Cofunds chief executive Brett Williams has joined private equity firm Lime Tree.
France to press ahead with financial transaction tax

30 Jan 2012

France is to go ahead with its own Tobin tax, French president Nicolas Sarkozy has revealed.
Global funds widen search

30 Jan 2012
Bestinvest calls for greater transparency following IMA research

27 Jan 2012

Advisers say fund charges are not clear and transparent.
Berry chief MacLeod targets platforms for IFA push

27 Jan 2012

Berry Asset Management chief executive Jamie MacLeod is in negotiations with a number of platforms as part of the firm’s bid to move into the IFA market.
IMA hits back over hidden fund charges claim

27 Jan 2012

The IMA has hit back over accusations of hidden fund cost charges.
European funds record outflows of £100bn

26 Jan 2012

Morningstar European fund flow data shows outflows of over £100bn from long-term funds in 2011.
Fundsmith chief rejects more control of swap-based ETFs

26 January 2012
Standard aims for small firms

26 January 2012
Fund managers shop around for value in troubled retail sector

23 Jan 2012

Concerns over a number of high-profile businesses going into administration and profit warnings have left fund managers wary of the retail sector.
Platforms planning to add trusts

20 Jan 2012
Bezalel doubles Jupiter fund exposure to banks

20 Jan 2012
Skandia awards best ideas mandates to Artemis’ Steer

20 Jan 2012

Tim Steer replaces Kames Capital’s Audrey Ryan on global and UK best ideas funds.
Mott and White boost oil stocks as prices stay high

20 Jan 2012

Income fund managers Bill Mott and Chris White have been adding to oil stocks in their portfolios
L&G wants absolute return sector axed

20 Jan 2012

Legal & General Investments managing director Simon Ellis has called for the absolute return sector to be abolished.
Trust service launches with neutral rating for Bolton

19 January 2012
Russell Investments IFA sales chief to exit

18 Jan 2012

Russell Investments head of UK IFA sales Danny Callaghan is to leave the firm.
Newton reshuffles investment team

17 Jan 2012

Newton’s investment chief Jeff Munroe is to head up global equities.
Downing makes first foray into private equity EIS with Octopus hire

16 Jan 2012

Octopus Investments head of private equity Chris Allner is to leave the firm to move to Downing, where he will be responsible for a private equity EIS scheme.
Barings to launch global mining fund

16 Jan 2012

Barings is to launch a global mining fund in March.
Mott boosts PSigma fund holdings

13 Jan 2012

PSigma income fund manager Bill Mott has been increasing the holdings in his fund, with the aim of taking advantage of current market volatility.
Dollar exposure increases as more euro falls predicted

13 Jan 2012

Multi-managers are increasing exposure to the dollar as they predict further falls in the euro.
One in five advisers unsure of risk rules

13 Jan 2012

One in five advisers is unaware of or wrong about their responsibilities over assessing clients’ risk appetite, according to Prudential research.
Charlemagne Capital appoints joint CIO

12 Jan 2012

T. Rowe Price International’s Mark Bickford-Smith is to join Charlemagne Capital later this month as joint chief investment officer.
Fund managers split over executive pay crackdown

12 Jan 2012

Fund managers are divided over whether introducing legislation to curb executive pay could lead to a drain of talented employees away from UK firms.
IMA warning over Cameron exec pay crackdown

12 Jan 2012

The IMA has warned it is not desirable to ask fund managers to micro-manage companies as part of David Cameron’s crackdown on executive pay.
Kames Capital considers multi-asset income fund

12 Jan 2012
Morningstar unveils investment trust ratings

11 Jan 2012

Anthony Bolton’s £510m china special situations trust has been rated as ‘neutral’ by Morningstar for its new investment trust service.
Ashcourt Rowan recruits former Skandia director Jim Roberts

10 Jan 2012

Ashcourt Rowan has appointed Skandia Investment Management founder Jim Roberts as a non-executive on its board.
Rathbones' Coombs slams "cosy club" of investment trust boards

9 Jan 2012

Rathbones head of multi-asset David Coombs has criticised the over-representation of asset managers on investment trust boards.
2012: Investment market hinges on eurozone solution

9 Jan 2012

Joanne Ellul says the investment industry is wary of further volatility in the European crisis
OMAM head of strategic alliances exits

9 Jan 2012

Old Mutual Asset Managers has made head of strategic alliances Kevin Bull redundant, Money Marketing understands.
Best ideas plan for MAM Funds

6 Jan 2012

MAM Funds managing director Gervais Williams is planning to launch a best ideas income product for the firm.
MM Profile: Gervais Williams

5 Jan 2012

Joanne Ellul interviews MAM Funds managing director Gervais Williams.
Andrew Yeadon to join Old Mutual subsidiary

4 Jan 2012

Former Schroders head of multi-manager Andrew Yeadon is set to join Old Mutual subsidiary Nedgroup Investments.
Investment roundup 2011: A year of volatility and uncertainty

19 Dec 2011

The past 12 months in investment have been dominated by stockmarket uncertainty.
VCTs split over new European threshold rules

16 Dec 2011

Treasury and the FSA say firms should make their own minds up.
Octopus seeking 10 fund managers to boost teams

16 Dec 2011

Octopus Investments is looking to fill ten fund manager roles, including hiring in the multi-manager team
Neptune bolsters financials holdings

16 Dec 2011

Firm introduces financials into its Euro opps fund and adds exposure to its global equity fund.
Octopus chief investment officer Lothar Mentel made redundant

15 Dec 2011

Octopus Investments chief investment officer Lothar Mentel has been made redundant, alongside five other staff as part of a staff review.
Ashcourt Rowan duo depart in senior management shake-up

15 Dec 2011

Ashcourt Rowan Group has appointed a new chief financial officer and chief operating officer
Fund managers issue warning over continued volatility

15 Dec 2011

Fund managers say the current volatility is likely to remain, with markets unimpressed by last week’s new European intergovernmental treaty.
Threadneedle's Podger replaces Korhonen at Fidelity

15 December 2011
BDO warning that transaction tax could be forced on all states

15 December 2011

BDO has warned that the EC could force the financial transaction tax on all member states, including the UK, by changing it from a tax to a charge.
M&G and Schroders see opportunities in Chinese property

14 Dec 2011

Leading fund managers Mike Riddell and Jim Rehlaender both point to opportunities in China.
Neptune to launch China best ideas fund

13 Dec 2011

Neptune is launching a best ideas China fund for Robin Geffen, Doug Turnbull and Adam Kelly.
Fitch puts Matrix-owned funds on review due to firm's financial resources

12 Dec 2011

Matrix has attacked ratings agency Fitch after it placed three money market funds on review.
Has the IMA solved the managed sector name game?

12 Dec 2011

Advisers react to the new setup for managed sector funds.
Threadneedle's Davis to take over European fund

9 Dec 2011

Threadneedle fund manager Nick Davis is taking over the firm’s European fund.
Fund firms question interest in IMA mixed 0-35 per cent sector

9 Dec 2011

Fund managers are doubtful there will be much interest in joining the new mixed investment 0-35 per cent shares sector due to the equity restrictions.
Advisers welcome new Dif guidance

9 Dec 2011

Advisers have welcomed the FSA’s guidance on distributor-influenced funds, which aims to manage conflicts of interest.
Argonaut adds Euro banks in high-alpha fund

8 Dec 2011

Barry Norris introduces 10 per cent exposure to European banks in the £307.9m fund.
IMA sets up consumer comparison site and may add risk ratings

8 Dec 2011

Trade body launches fund comparison website for consumers and is considering developing risk ratings for funds in the managed sectors.
Schroders sells multi-manager exposure to Asia ex Japan

8 Dec 2011

Schroders has sold all its exposure to Asia excluding Japan in its £230m multi-manager fund range amid concerns that growth in China will slow.
Threadneedle looking to US to boost fixed income

8 Dec 2011
New Star and Evershed settle out of court

7 Dec 2011

Agreement brings to an end the former fund manager’s claim for unfair dismissal.
Adviser appetite for gold and absolute return wanes

6 Dec 2011

Favourability towards gold and absolute return funds has decreased since the summer.
Treasury sets out new Isa protection rules

6 Dec 2011

Investors who lose savings as a result of the collapse of a financial firm can reclaim lost allowance.
Buxton: Expect corporate earnings downgrades in 2012

5 Dec 2011

Schroders head of UK equities on expectations for UK and global growth continuing to recede.
Jonathan Polin invests 200k in Ashcourt Rowan

5 Dec 2011

Ashcourt Rowan Group chief executive Jonathan Polin has purchased 200,000 shares in the business.
Can you be independent and run a Dif?

5 Dec 2011

Concerns from the FSA are casting doubt on whether independent advisers will be able to offer distributor-influenced funds after the RDR.
Tomlins replaces Isaacs on M&G European high yield fund

2 Dec 2011

M&G Investments has appointed James Tomlins as fund manager for its £77m European high yield bond fund.
Investec mulls income fund launch

1 Dec 2011

Investec Asset Management is considering launching its first income product.
London & Capital in deal to take on advisers' US clients

1 December 2011
Death of ex-Schroders UK equities chief Jim Cox

1 December 2011
Lowes hires co-founder of Investec's structured arm

30 Nov 2011

Firm hires Sham Yapa as business development manager.
Schroders to launch onshore version of US equity alpha fund

29 Nov 2011

Schroders is to launch an onshore version of its Luxembourg-domiciled fund next month.
Former Schroders head of UK equities Jim Cox dies

25 Nov 2011

Cox managed the Schroder UK enterprise fund in the 1990s.
Potter: Equities are better value than bonds

25 Nov 2011

Thames River multi-manager Gary Potter has warned investors to avoid jumping on the “bond bandwagon” and instead invest in equities.
Neptune: Don't be scared of cash during volatility

25 Nov 2011

Neptune head of client investment strategies Douglas McDowell says managers should not be afraid of using cash during market volatility.
Ashcourt Rowan to axe referral fee in shake-up

24 Nov 2011

Ashcourt Rowan chief executive Jonathan Polin says adviser remuneration structure is too costly and the firm will stay independent after 2012.
Government to look at "no fault dismissals" for smaller firms

24 Nov 2011

Business secretary Vince Cable says he has yet to seen evidence to support the policy.
Breaking up is hard to do

24 November 2011
Buxton says FTSE 100 won't break out of the 6,000 level

24 November 2011
Wilmont switch to Europe

24 November 2011
Government to relax employment rules for small firms

23 Nov 2011

Business Secretary Vince Cable is to set out an overhaul of employment tribunals today.
Henderson SRI team set to leave the business

22 Nov 2011

Henderson’s socially responsible investment team of six are set to leave.
Vestra Wealth appoints Cofunds as fund custodian

22 Nov 2011

Deal will see in excess of £600m in assets move onto the platform.
Government unveils mortgage indemnity scheme details

21 Nov 2011

£400m fund to kick start the housing market.
Henderson staff review could result in redundancies

18 Nov 2011

Firm is reviewing staff roles following its acquisition of Gartmore.
Dufton quits UK Wealth Management for Cardale

18 Nov 2011

UK Wealth Management discretionary manager Jeremy Dufton is leaving to join Cardale Asset Management as associate director.
JO Hambro plans long/short play but rules out fixed income

18 Nov 2011

JO Hambro says it is planning to launch a long/short fund but has ruled out entering the fixed-income or absolute return sector.
Performance gap wider in cautious managed than global equities

18 Nov 2011

The gap between the best and worst-performing funds is wider in the cautious managed sector than in global equities, according to Thames River.
Vestra may transfer £500m to Cofunds

18 Nov 2011
Cutting claws of the Fatca

17 Nov 2011
No cash for shareholders as Tilney fund goes bust

17 Nov 2011

Tilney Asset Management’s Guernsey-domiciled £79.5m British real estate fund has gone bust.
Platform Fatca concerns grow as Ascentric closes door on US clients

17 Nov 2011

Ascentric has stopped accepting US clients as a result of uncertainty over the foreign account tax compliance act.
Octopus EM fund tilts towards Asia

17 November 2011
Record business for tracker funds

17 November 2011
Thomas quits LV= to develop Threadneedle product range

17 November 2011
Threadneedle appoints Julian Thomas as product development director

16 Nov 2011

Threadneedle has appointed former LVAM head of product development Julian Thomas as director of product development.
UBS UK retail head Graham Kane retires

16 Nov 2011

UBS Global Asset Management head of UK retail Graham Kane has retired after 10 years with the company.
Gilt trip

14 Nov 2011
MM Profile: Ed Rosengarten

14 Nov 2011

Eden Financial’s head of asset management wants to create a multi-strategy fund business based on boutique values.
Bestinvest adds service with 14 risk-rated managed portfolios

11 Nov 2011

Bestinvest has launched 14 risk-rated managed portfolios as part of its new advisory offering.
Ardevora drops fund's equity name

11 Nov 2011

Ardevora has dropped the equity label on its £14.6m UK equity income fund after investors confused it with the firm’s £2m UK equity fund.
Prudential launches four risk-managed portfolios for with-profits fund

10 Nov 2011

Prudential has enhanced its risk-managed fund range with the launch of four funds.
Distribution probe over design weaknesses

10 November 2011
FSA wants firms to stress-test structured products

10 November 2011
'FSA wants to end job-done attitude after shipping products'

10 November 2011
The cost to providers

10 November 2011
Vanguard hires new head of European retail sales

9 Nov 2011

Vanguard has hired a new head of retail sales from Standard Life to boost the distribution team.
Money market sectors to follow European definitions

8 Nov 2011

The IMA has announced it is creating two money market sectors based upon the ESMA definitions.
Raising junior

7 Nov 2011
FSA urges diligence on structured product distribution

3 Nov 2011

Product providers should restrict the distribution of structured products if needed, according to an FSA guidance report.
Maisonneuve cuts industrials as China slows

3 November 2011
Thames River to fold absolute return fund

3 November 2011
Third-quarter fund sales are lowest in three years

3 November 2011
UK banks could still go bust, warns Investec's Mundy

3 November 2011
FSA to examine structured product distributors

2 Nov 2011

The FSA says it will review the distribution of structured products in 2012.
Structured product providers face additional compliance costs

2 Nov 2011

The FSA’s new guidance on structured products introduces new one-off and ongoing costs for providers.
Mike Kirsch appointed interim MD of Origen

1 Nov 2011

Aegon UK has appointed ex-Alico UK CEO Mike Kirsch as Origen interim managing director.
No LV= fund managers to join Threadneedle

1 Nov 2011

Threadneedle has announced that no fund managers will be joining from LV=Asset Management following its outsourcing deal.
Lining up for low-cost route

31 Oct 2011
M&G to add dollar and Swiss franc shares to fixed funds

28 Oct 2011

M&G Investments is adding US dollar and Swiss franc share classes to a number of its fixedincome funds following demand from global distributors.
Thames River to close offshore absolute return fund

27 Oct 2011

Thames River has announced it is to close its Irish-domiciled absolute return fund, after it failed to attract new inflows over the past three years.
IMA: Fund sales at lowest levels since financial crisis

27 Oct 2011

Fund sales in the third quarter were the lowest since 2008, according to IMA stats.
Longbow looks at VCT merger after fund-raising problems

27 Oct 2011

Longbow Capital is considering merging its income and growth VCT with an external VCT due to fund-raising difficulties.
Veracity strikes portfolio partnership with SEI

27 Oct 2011

Veracity Asset Transformation Service has partnered with SEI to provide strategic portfolios to advisers.
Ex-Gartmore distribution head Wagstaff is Skandia new chief exec

27 October 2011
Former-BNY chief Feeney takes on long-term savings role at Old Mutual

27 October 2011
Henderson soft-closing two UK absolute return funds

27 October 2011
Turner says low rates leading to complex plans

27 October 2011
Mundy: UK banks are "value traps"

26 Oct 2011

Investec’s contrarian investor Alastair Mundy says that he is staying away from UK banks as there is a risk they will “go bust”.
Aberdeen hires business development manager for £10bn range

26 Oct 2011

Aidan Upton joins from Architas.
Old Mutual appoints Paul Feeney

24 Oct 2011

Old Mutual has appointed Paul Feeney into a newly created role as chief executive officer of asset management.
Lightbulb moment?

24 Oct 2011
Vanguard slams low-cost rivals over charges

21 Oct 2011

Vanguard claims that low-cost funds that charge extra for tactical rebalancing add little value for clients.
Wagstaff joins Skandia Investment Group as CEO

21 Oct 2011

Former Gartmore global head of distribution Phil Wagstaff has joined Skandia Investment Group as chief executive.
Aberdeen raises cash holding across range

21 Oct 2011
Research firms could boost IFAs

21 Oct 2011
Henderson to soft close UK absolute returns funds

20 Oct 2011

Henderson Global Investors is to soft close its two UK absolute return funds from at the end of next month.
Eden shifts global fund to cautious sector

20 Oct 2011

Eden Financial has moved its £66.6m CF Eden global multi-strategy fund from the balanced to the cautious sector.
PSigma AM chief targets Gems and Asia

20 Oct 2011

Psigma Asset Management managing director Ian Chimes says he hopes to launch a global emerging market and an Asia equity fund.
IMF sees Asia carrying risk from eurozone

20 October 2011
Jupiter is hit by volatile markets as assets plunge

20 October 2011
MAM offers open-ended version of diverse trust

20 October 2011
Structured group picks Lloyds head as chairman

20 October 2011
Neptune unveils global long/short fund

19 Oct 2011

Neptune has unveiled the details for its global long/short fund.
Senior LVAM trio not joining Threadneedle

19 Oct 2011

Ashby, Kim and Timberlake will not be joining Threadneedle, Money Marketing understands.
Santander AM poaches HSBC credit manager

18 Oct 2011

Santander Asset Management UK appointed Azim Meghji as head of credit.
Neptune to launch global long/short fund

17 Oct 2011

Neptune is to launch a global long/short fund.
Downgrades don't put Schroders off banks

14 Oct 2011

Schroders fund manager Nick Kirrage is sticking with UK banking stocks in the firm’s £733.7m income maximiser fund despite Moody’s downgrades last week.
Liontrust targets £10bn of assets in five years

14 Oct 2011

Liontrust plans to swell assets under management to £10bn by the end of 2016.
Liontrust looks at Occam long-only fund

14 Oct 2011

Liontrust is considering launching a long-only equity fund for Occam’s global emerging markets team.
Santander increases exposure in Japan

14 Oct 2011
UK Structured Products Association elects new chairman

13 Oct 2011

The UK Structured Products Association has elected Lloyds Banking Group head of distribution Jamie Smith as chairman.
Mott: QE could lead to “serious inflationary problems”

13 Oct 2011

PSigma income fund manager Bill Mott says that QE “could cause serious inflationary problems for the UK in the future”.
Ide becomes chief executive at Old Mutual UK

13 October 2011
Safe option fails to deliver

13 October 2011
RSM Tenon Financial Services rebrands as Lemontree

11 Oct 2011

RSM Tenon Financial Services has changed its name to Lemontree Wealth
CIO group set up to influence investment industry

11 Oct 2011

A CIO group called 300 Club has been set up to push for action on the fundamentals of the investment industry and investing.
F&C Lees: QE is like a "shot of heroin to a drug addict"

11 Oct 2011

F&C’s head of UK equities Peter Lees has referred to the latest round of quantitative easing as a “short-term fix”.
Stonebridge teams with Moneygate to bolster wealth offering

11 Oct 2011

Mortgage and insurance network Stonebridge Group has partnered with Moneygate to grow its wealth management arm.
J O Hambro eyes China consumer in new funds

10 Oct 2011

J O Hambro Capital Management has launched the Asia ex Japan and Asia small and mid cap fund with an overweight to China.
Threadneedle chairman Davies to retire

10 Oct 2011

Threadneedle executive chairman Simon Davies is to retire in June next year.
Cracks in the China

10 Oct 2011
RBS may need injection of further capital

7 Oct 2011

Whitehall is nervous that the government may have to inject further capital into the Royal Bank of Scotland.
Aviva warns of Chinese residential property bubble

7 Oct 2011
Pru holds on to Pacific markets fund

7 Oct 2011
Skandia platform cash funds sales double

6 Oct 2011

Investment into cash and money market funds more than doubled in the third quarter of the year on Skandia’s platform.
Call to grill providers on whole of life terms

6 October 2011

Advisers are calling on the FSA to investigate the way providers communicate the terms of reviewable whole of life policies after the Financial Ombudsman Service raised concerns about complaint numbers.
F&C backs credit-easing for small firms

6 October 2011
Moody’s slashes Italy’s credit rating

5 Oct 2011

Moody’s has cut Italy’s credit rating by three notches.
Blackrock endorses calls for tougher rules on ETFs

5 Oct 2011

iShares owner has called for regulatory action on ETFs to make the sector more transparent.
Liontrust pays 30% less for Occam after asset fall

5 Oct 2011

Liontrust has paid less for emerging markets specialist Occam due to a fall in AUM.
OMAM UK appoints Julian Ide as CEO as Baxter quits

4 Oct 2011

OMAM UK has appointed Julian Ide as chief executive officer and head of global distribution.
Dividends rise in the VCT sector

4 Oct 2011

Total dividends paid from VCTs during first six months this year are up on the first six months of last year, according to an AIC survey.
Ted Scott backs Osborne's credit easing plans

4 Oct 2011

F&C director of global strategy says help is needed for smaller and medium-sized companies.
Financial services firms expected to make job cuts in Q4

3 Oct 2011

Financial services firms are expected to reduce headcount by 11 per cent in the next three months, according to the CBI/PWC survey.
Pimco launches global multi-asset fund

3 Oct 2011

The firm launches a global multi-asset fund for CEO Mohamed A. El-Erian.
UK insurers seek 2013 start for Solvency II

3 Oct 2011

Insurers pressing the FSA to push ahead with some parts of the directive.
HSBC launches three low-cost fund of funds

3 Oct 2011

HSBC Global Asset Management is launching three low-cost passive funds.
FOS raises concerns over whole of life policies- Update with additional stats

3 Oct 2011

The FOS has raised concerns about advice and service relating to reviewable whole of life policies.
Kames Capital launches absolute return bond fund

30 Sep 2011

Kames Capital absolute return fund launches targeting Libor plus 2 to 3 per cent net of fees.
Leading equity managers shun banks

30 Sep 2011

James Harries, Carl Stick and Richard Penny have all issued warning on the outlook for banks.
Ardevora global equity goes short on industrials

30 Sep 2011
Craig Heron to join Railpen Investments

29 Sep 2011

Former Henderson multi-manager Craig Heron is to join Railpen Investments, the investment manager for the Railways Pension Trustee Company.
JPJShare admits 'schoolboy error' in Sipp illustration

29 Sep 2011

Execution-only stockbroking platform that offers a Sipp has removed incorrect information about pension tax relief from its website after questioning from Money Marketing.
Jupiter fund takes dollar bets as sterling flounders

29 Sep 2011

Jupiter strategic bond fund manager Ariel Bezalel has introduced dollar currency exposure to the fund as he feels sterling has further to fall.
Anthony Bolton points to value in Chinese SMEs

29 Sep 2011

Bolton says he is finding opportunities in small to medium-sized companies in China during the current volatility.
Morningstar filter weeds out synthetic ETFs

29 Sep 2011

Morningstar is adding a filtering system to its website so users can easily identify synthetic exchange-traded funds.
All nine back rate hold but Posen is sole voice again for £50bn QE2

29 September 2011
Critics call for emerging markets label to be axed

29 September 2011
Exchange mechanism

29 September 2011
Rathbones reining in high yields for new strategic bond fund

29 September 2011
SGWM acquires IFA Stan Gaskin

29 September 2011
Dan Roberts quits Eden Financial for Fidelity

28 Sep 2011

Dan Roberts has quit Eden Financial after two months to join Fidelity.
Bramdean chief Nicola Horlick may set up D2C platform

28 Sep 2011

Bramdean Asset Management chief executive Nicola Horlick is considering launching a direct-to-consumer platform.
Neil Shillito's SGWM acquires local IFA

26 Sep 2011

Norwich-based SG Wealth Management has bought the Ipswich firm of Stan Gaskin.
Baillie Gifford says there are still opportunities in Greece

23 Sep 2011
JO Hambro plans equity fund in US

23 Sep 2011
Ocean Dial looking to India

23 Sep 2011
SEC charges ex-Goldman Sachs trader using ETF trades

22 Sep 2011

Former Goldman Sachs trader and his father has been charged with insider trading.
De Blonay moves to 10% cash in Jupiter financial opps

22 Sep 2011

Jupiter fund manager significantly increases cash weighting to 10 per cent from 1.45 per cent in July.
Standard Life looks at MyFolio income

22 Sep 2011

Standard Life is considering launching an income version of its risk-rated multi-asset fund range MyFolio.
Stephen Snowden wants ECB easing

22 Sep 2011

Kames Capital bond manager says he will not increase his underweight position in banks until ECB agrees to a round of QE.
Boughton quits Neptune for Mirabaud role

22 September 2011
Fidelity to launch low-cost multi-asset range

21 Sep 2011

Firm follows JP Morgan and Schroders in launching a lower cost range of funds in the run-up to the RDR.
JP Morgan Asset Management launches EM multi-asset fund

20 Sep 2011

JPM has launched a multi-asset fund investing in emerging market equities and bonds.
Corporate punishment

19 Sep 2011
Jane doubles up on gold exposure in Darwin fund

16 Sep 2011

TM Darwin founder David Jane has doubled his gold exposure in the £4m multi-asset fund during the market volatility in August.
Williams de Broe may be rebranded

16 Sep 2011

Williams de Broe executive director Colin Lewis has hinted that the firm may be rebranded following Investec Group’s acquisition of its parent group Evolution Securities.
IFA slams Barclays Wealth over client letter

15 Sep 2011

An adviser has hit out at Barclays Wealth after it wrote directly to a client asking for maturity instructions for a structured product.
Eden mulls multi-strategy absolute return fund for Mark Harris

15 Sep 2011

Multi-asset fund manager Mark Harris looking at absolute return multi-strategy fund and growth fund.
Fidelity fund targets China hunger for consumer goods

15 September 2011
Mark Harris to join Eden

15 September 2011
Skandia's Blair joins Mirabaud

15 September 2011
Senior duo quit Neptune

14 Sep 2011

Neptune’s Paul Boughton to move to Mirabaud Investment management and Neptune head of institutional business Alistair Wilson also quits.
Caledonia relaunches asset management boutique

14 Sep 2011

Ocean Dial Asset Management is 100 per cent owned and backed by Caledonia.
Schroders launches offshore Brazilian equity fund

14 Sep 2011

Schroders has introduced a Brazilian equity fund to fit into its international offshore selection fund range.
Fidelity to launch two onshore funds

12 Sep 2011

Fidelity is to launch an onshore version of China consumer fund and another onshore version of its global real asset securities fund.
Dog days for global funds

12 Sep 2011
Skandia Investment Group head of UK sales quits

9 Sep 2011

Andrew Blair is leaving to join Mirabaud Investment Management.
Mark Harris joins Eden Financial

9 Sep 2011

Eden Financial has appointed former Henderson multi-manager Mark Harris as a fund manager.
JPM global fund adds unhedged share class

9 Sep 2011

JP Morgan is introducing an unhedged share class in its £114.5m global equity income fund.
Norris pumps Total into Argonaut funds

9 Sep 2011

Argonaut partner introduces first oil major into the £322.2m Ignis Argonaut European alpha portfolio and £8.5m Ignis Argonaut European absolute return fund since 2008.
Clontarf chief and analysts move to Ignis

8 Sep 2011

Ignis Advisers has hired former Clontarf Capital principal and founder Aoifinn Devitt as head of client strategies.
Jupiter cuts Merlin gold weighting

8 Sep 2011

Multi-manager team has cut its gold weighting by around 2% across the £6.8bn Merlin portfolios as it predicts the gold price will fall.
BlackRock sticks with emerging Europe strategy

8 September 2011
Gilmour quits Sesame after less than year

8 September 2011
Himsworth shuns pharms in UK opps fund

8 September 2011
Tenet's Sinfonia axes regional sales team in strategic review

7 Sep 2011

Group’s investment arm will no longer promote its funds externally.
EFG Asset Management launches UK business

6 Sep 2011

Swiss asset management business EFG Asset Management launches its UK business.
Worst-hit funds fell by a quarter amid volatility

5 Sep 2011

We reveal the funds that suffered amid the recent market volatility.
Ignis must get its in-house in order

5 Sep 2011

Joanne Ellul looks at the changes at Ignis and its future direction.
Bogus financial adviser jailed for £1.9m tax fraud

2 Sep 2011

A bogus financial adviser who fraudulently manipulated his “clients’” pension funds to avoid paying tax has been jailed for three years.
Multi-managers cut cash and make passive move

2 Sep 2011

Multi-managers are selling out of cash and adding risk through equities and exposure to passives in response to the market volatility.
Ignis looks to bolster in-house fund range

1 Sep 2011

Ignis looks at trio of product launches.
Aberdeen global head of business development Ellyatt leaves

1 Sep 2011

Aberdeen global head of business development Chris Ellyatt has decided to leave the business after nine years.
Eden Financial launches UK all-cap fund for Himsworth

1 Sep 2011

Eden Financial has launched the UK select opportunities fund for Leigh Himsworth today.
Bond firms stay on defensive as QE3 rejected

1 Sep 2011

Bond managers have held their defensive positions after US Federal Reserve chairman Ben Bernanke decided against a third round of quantitative easing.
14% Of funds now on Bestinvest's dog list

1 September 2011
Baring considers India fund for Argal

1 September 2011
Ex-AllianceBernstein chief takes over L&G high-income fund

1 September 2011
Sesame Bankhall Group director Keith Gilmour leaves

31 Aug 2011

Sesame Bankhall Group business development director Keith Gilmour has left the business.
Dog fund assets leap 74% to £23.16bn in Bestinvest survey

30 Aug 2011

Worst fund groups by AUM are Fidelity at £3.4bn, Newton at £2.1bn and BlackRock at £2bn.
L&G hires North replacement from AllianceBernstein

26 Aug 2011

LGIM has hired Martin Reeves from AllianceBernstein to replace David North.
JP Morgan sees growth potential in UK banks

26 Aug 2011
Managers split on cash weightings

26 Aug 2011
M&G shortens bond duration over US easing

25 Aug 2011

M&G bond fund manager Michael Riddell is preparing for the possibility of further quantitative easing in the US.
Rathbones' David Coombs says gold could fall 30%

25 Aug 2011

Multi-managers have been cutting their exposure following recent steep rises.
Independent Argonaut sets sights beyond Europe

25 Aug 2011

European equity specialist boutique Argonaut may look to expand beyond European funds.
Argonaut to take control in joint venture with Ignis

25 August 2011
Ashcourt Rowan appoints Polin CE

25 August 2011
LV= among four in Hornbuckle Mitchell talks

25 August 2011
Ignis confirms Argonaut split

23 Aug 2011

Ignis confirms that joint venture Argonaut will become operationally independent from the asset manager.
Newton funds get more cash as Stewart looks for safe havens

19 Aug 2011
FTSE 100 falls sharply as double-dip fears grow

18 Aug 2011

The blue chip index has fallen 4.5 per cent as the sell-off in the global equity markets continues.
Argonaut set to split from Ignis Asset Management

18 Aug 2011

Argonaut Capital Partners set to follow in the footsteps of Hexam which split off last year.
Jonathan Polin appointed chief exec of Ashcourt Rowan

17 Aug 2011

Former Ignis sales and marketing director Jonathan Polin has been appointed group chief executive of Ashcourt Rowan.
Investec Structured Products duo quit

16 Aug 2011

Rob Reid and Andrew Brogden have left the firm.
Barings hires head of Indian equities

16 Aug 2011

Baring Asset Management has appointed Ajay Argal as head of Indian equities.
Bluefin Wealth Management managing director steps down

16 Aug 2011

Suvan de Soysa has stepped down and been replaced by former Oval Financial Services boss Simon Hellier.
Aegon to sell closed life business Guardian

16 Aug 2011

Aegon has confirmed it is to sell its closed UK life insurance business to European private equity group Cinven.
Polar Capital plans fund launch for ex-Threadneedle duo

15 Aug 2011

Polar Capital is to launch a North American fund for new duo Holliman and Wilson.
LV= agrees to outsource assets to Threadneedle

15 Aug 2011

Redundancies are expected as LV= Asset Management agrees the deal to outsource the management of £8.5bn of assets to Threadneedle.
Record sales for fund of funds, IMA stats

15 Aug 2011

Multi-manager funds hit the highest half year retail sales figure of £3.8bn, according to the IMA.
Omam loses another bond team member

15 Aug 2011

Rachid Semaoune, an analyst that works on the £589m corporate bond fund, will be leaving the firm.
Europe gets the jitters

15 Aug 2011
Lang and Pattisson: We have big ambitions for Ardevora

8 Aug 2011

Former Liontrust duo say they want to run a business with £10bn of assets in the next 10 to 15 years.
PSigma's Becket backs 'sensational value' in Middle East

5 Aug 2011

Becket is introducing frontier markets exposure into his £13m balanced managed fund.
Eden sets up retail fixed-income portfolio

5 Aug 2011
Liontrust to tackle European fund overlap

5 Aug 2011
Multi-managers target Asia

4 Aug 2011

Multi-managers Architas and OPM Fund Management are looking to Asia for growth on the back of the poor economic outlook for the developed world.
JP Morgan mulls low-cost fixed income

4 Aug 2011

JP Morgan will consider launching a low-cost fixed-income active fund when the company expands its lowcost active range.
Stock horror

4 August 2011
Adrian Frost: BP must shrink to boost growth prospects

3 Aug 2011

Artemis fund manager Adrian Frost calls for companies like BP to shrink their assets to improve growth prospects.
Barclays Wealth targets cautious investors with fund launch

2 Aug 2011

Barclays is to focus on investor conservatism in the launch of products.
Schroders hires fixed income manager

2 Aug 2011

Schroders appoints ex-GLG Partners fund manager Gareth Isaac.
Ashcourt Rowan chairman resigns

1 Aug 2011

Ashcourt Rowan chairman Peter Dew has resigned after just 15 months in the job.
Subdivide and rule

1 Aug 2011
Eden fund duo will shun banks

29 Jul 2011

Eden Financial UK equity fund manager Leigh Himsworth and global equity income fund manager Dan Roberts say their new funds will not invest in banks.
IMA delays absolute return sector review

29 Jul 2011
Mobius mulls adding exposure to North Africa

28 Jul 2011

Templeton Emerging Markets Group executive chairman Mark Mobius is considering adding North Africa exposure into his global emerging market funds.
Templeton looks to North Africa

28 Jul 2011
Vanguard looks at adding UK high-yield tracker

28 Jul 2011

Vanguard is considering launching a high-yield tracker fund and a range of ETFs to plug the gaps in its UK offering.
HSBC adds trio of physical ETFs to GEMs range

28 Jul 2011

HSBC is launching three emerging market exchange traded funds, focusing on Hong Kong, global emerging Europe and global emerging markets.
Skandia supports 'sunset clause’ on legacy commission

28 Jul 2011

Skandia advocates a ‘sunset clause’ on legacy commission.
JP Morgan multi-asset income fund moves to cautious sector

28 Jul 2011

The JP Morgan multi-asset income fund moves from the specialist to cautious sector.
Ashcourt Rowan defends in-house payment structure

28 Jul 2011

Ashcourt Rowan Financial Planning has defended its payment structure which offers advisers 2 per cent commission for recommending its in-house discretionary service to clients.
Ben Pakenham to join Aberdeen from Henderson

27 Jul 2011

Ben Pakenham is to leave Henderson Global Investors to join the high yield bond team at Aberdeen Asset Management.
European regulator warns it may limit ETF distribution

25 Jul 2011

The European Securities and Markets Authority (ESMA) says it could limit the distribution of certain ETFs to retail investors.
American strategies

25 Jul 2011
Rathbones offers fixed-income plan

22 Jul 2011

Rathbones will launch a fixed income product by the end of the year.
Fuhr to leave BlackRock in ETF reshuffle

21 Jul 2011

Deborah Fuhr leaves BlackRock as it hands over research to newly created institute.
Advisers say JO Hambro fund managers will stay

21 Jul 2011

Advisers are confident that JOHCM fund managers will stay following its acquisition by BT Investment Management.
Brazier takes Threadneedle UK fund on the defensive

21 July 2011
Cockerill and Stephens to join Rowan Dartington

21 July 2011
Fitch misselling fear over absolute return

21 July 2011
Rathbones adding higher-risk fund

21 July 2011
Cazenove to close absolute UK dynamic fund at £225m

20 Jul 2011

Cazenove is planning to close its absolute UK dynamic fund at £225m after re-opening the vehicle in January this year.
IMA to monitor money market funds

19 Jul 2011

The IMA is to monitor the holdings of money market funds from January 2012.
Rathbones appoints two investment directors

19 Jul 2011

Rathbones appoints two investment directors from Newton and Barings.
SFO scrutiny for synthetic complexities

18 Jul 2011
HSBC: FSA must force firms to tag ETFs that use derivatives

15 Jul 2011

HSBC head of ETFs Farley Thomas is calling on the FSA to force providers of swap-based ETFs to clearly identify which of their funds use derivatives.
Fitch issues "misselling" warning on absolute return funds

15 Jul 2011

Fitch has warned against absolute return funds for less sophisticated investors.
Architas looks at hedged shares for multi range

15 Jul 2011
Schroders: Fatca and RDR will create perfect storm for advisers

14 Jul 2011

Schroders is warning that advisers will face “a perfect storm” when the US’s foreign account tax compliance act and the RDR come into force in January 2013.
Rathbones to launch third multi-asset fund

14 Jul 2011

Rathbones is to launch a higher risk multi-asset fund to be run by David Coombs.
Advisers question Ashby's future over LV= outsource deal

14 Jul 2011

Advisers raise questions over the future of LV= head of equities Graham Ashby.
Goldman's third-party sales head joins iShares

14 Jul 2011

Matt Mack is joining BlackRock’s ETF business iShares as head of strategic accounts for the EMEA region.
Barings fund aims for equity-like returns with 70% of the volatility

14 July 2011
JPM absolute fund looks for IFA traction

14 July 2011
Standard raises fund fees

14 July 2011
Senior duo leave Ashcourt Rowan

13 Jul 2011

Guy Stephens and Tim Cockerill have both quit the firm to join Rowan Dartington.
What are the prospects for UK retailers?

11 Jul 2011

Fund managers have clashed on the outlook of UK retailers.
Meteor launches two structured products

11 Jul 2011

Both products are linked to five FTSE100 shares.
Fidelity launches emerging Asia fund

11 Jul 2011

Fidelity launches an onshore version of the emerging Asia fund in response to increasing adviser demand.
Pru rethinks cautious and balanced fund categories

11 Jul 2011
Slash dash

11 Jul 2011
LV= in talks to outsource retail range to Threadneedle

8 Jul 2011

Decision over the proposal to be made early next month.
Ardevora looks at global income

8 Jul 2011

Ardevora is considering launching a global equity income product in response to investor demand.
Bond firms set to cut fund duration

8 Jul 2011

Bond managers are cutting the duration on their funds in anticipation of an uplift in the UK economy towards the end of the year.
Twitch fears see fund companies shunning sterling

7 Jul 2011
Fidelity's Greetham may add to Japan weighting

7 Jul 2011

Fidelity head of asset allocation Trevor Greetham is considering adding to his weighting in Japan across his three multi-asset funds.
HSBC mulls low-cost fund launch

7 Jul 2011

HSBC says it is looking to launch a low-cost active fund following in the footsteps of Schroders and JP Morgan.
JPM launches global equity absolute alpha fund

6 Jul 2011

New absolute return fund will be managed by Gary Clarke.
Board scraps performance fee on Richard Buxton trust

4 Jul 2011

The board of the Schroder UK growth investment trust have scrapped the performance fee following a period of outperformance.
Fair exchange

4 Jul 2011
FSA unites with SFO for bribery act clampdown

1 Jul 2011

Financial companies can expect increased scrutiny from prosecutors and regulators as the UK’s bribery laws come into force today.
Rathbones investment management head to step down

1 Jul 2011

Richard Lanyon to step down after 10 years.
Strauss-Kahn case in doubt

1 Jul 2011

The case against the former IMF head appears to be in trouble after reports about the alleged victim’s credibility.
MAM's Williams goes defensive with income trust

1 Jul 2011

MAM Funds managing director Gervais Williams has invested just 40 per cent of his £50m diverse income trust.
F&C's Porter to head up investment trust activity

30 Jun 2011

F&C has expanded the remit of its head of funds Charlie Porter to take responsibility for investment trusts.
Pru set for more M&G fund mergers

30 Jun 2011

Prudential is merging another 17 of its unit trusts into M&G funds in the next year.
Meteor pays £20k for Lehman downgrade failure

30 June 2011

Meteor has dropped its judicial review of a FOS decision and paid a couple £20,000 after it failed to tell them that Standard & Poor’s had downgraded Lehman Brothers.
IMA appoints Morningstar UK to monitor fund sectors

29 Jun 2011

The IMA has appointed Morningstar UK to monitor funds classified to the IMA sectors.
Incapital MD Chris Taylor resigns and launches his own consultancy

29 Jun 2011

Incapital managing director Chris Taylor has resigned and has launched his own consultancy.
MPC far from calling for more QE, says Tucker

29 Jun 2011

Deputy governor Paul Tucker has told MPs the MPC is a long way from calling for extra stimulus for the economy.
Has the Government done enough to aid UK recovery?

28 Jun 2011

Leading fund managers Stewart Cowley and Trevor Greetham clash over Government austerity measures.
UKAR chief warns of "tsunami" of repossessions when rates rise

28 Jun 2011

Britain will face a wave of house repossessions as soon as interest rates start to rise again, UKAR chief warns.
Pimco launches credit fund that minimises interest rate risk

27 Jun 2011

PIMCO launches fixed income fund that hedges against interest rate risk.
Govt to allow consumer groups to force probes into financial misselling

27 Jun 2011

Consumer groups will be given power under the FCA to force investigations into misselling.
Biggest banks face extra capital requirements under Basel III

27 Jun 2011

Largest banks face an extra capital charge of 1 per cent to 2.5 per cent, on top of the minimum 7 per cent, under Basel III.
strategic success

27 Jun 2011
HSBC looks to complete EM line-up

24 Jun 2011

HSBC is considering launching exchange traded funds covering Russia, India, emerging markets Europe and Civets.
Thames River name may be dropped in F&C revamp

24 Jun 2011
Alliance Trust plans emerging market equity income fund

24 Jun 2011

Alliance Trust is planning to launch an emerging market equity income fund as part of a trio of income products.
L&G adds share class to multi-manager range

24 Jun 2011

Legal & General is adding an additional share class to its multi-manager fund range with an increased annual charge but no performance fee.
Second stint for Burstow at Barings

23 Jun 2011
Strategic bond managers go bearish

23 Jun 2011

Strategic bond fund managers have become more cautious in their holdings in light of the unstable economic outlook.
Firms link up for HNW mortgages

23 June 2011
Henderson to streamline strategic bond range

23 June 2011
IMA shelves alphabet soup plans as it extends feedback

23 June 2011
Renaissance sets £500m goal for Ucits

23 June 2011
Structured products will fund mortgage

23 June 2011
Unbiased site relaunches as one-stop shop

23 June 2011
Uncorrelated aim for Darwin debut

23 June 2011
Meteor drops Lehman-backed product judicial review

22 Jun 2011

Firm will repay couple £20,000 as it drops judicial review of FOS decision.
Prudential offers more guarantees on life and pensions funds

22 Jun 2011

Prudential is adding guaranteed options to two of the life and pensions funds.
Schroders appoints Bob Jolly as head of global macro

20 Jun 2011

Schroders has appointed Bob Jolly to a new role on its fixed income team.
Global growth investment trusts most popular, AIC stats.

20 Jun 2011

Global growth, UK and income investment companies were the most viewed on the AIC website.
Unbiased relaunches website to offer full service proposition

17 Jun 2011

Unbiased.co.uk has added an accountant search and relaunched as an integrated advice site.
John McFall wants more tax breaks for advice

17 Jun 2011

Former Treasury select committee chairman says tax relief should subsidise financial advice to increase access for low-income consumers.
Aegon fund raises euro weighting

17 Jun 2011
LV= calls on IMA to split absolute return sector

17 Jun 2011

LV= Asset Management has called for the IMA to divide the absolute return sector into sub-sectors to separate out funds that use structured products or shorting strategies.
Countrywide and MAB launch HNW advisory service

16 Jun 2011

Countrywide signs joint venture with the Mortgage Advice Bureau to launch Capital Private Finance.
Henderson looks at trimming strategic bond range

16 Jun 2011

Henderson is looking at merging one of its strategic bond fund range following the departure of James Gledhill.
FSA sticks up for MAS "free advice" advert

16 Jun 2011

Regulator says it fully supports the Money Advice Service’s controversial TV ad despite a barrage of criticism from IFAs.
BlackRock tracker inflows double to £1.35bn

16 Jun 2011

BlackRock has doubled inflows into its index tracker funds in the last 12 months to £1.35bn.
Barings' Duckworth takes role at SFO

16 June 2011
Biba petition calls for FSCS review to be accelerated

16 June 2011
Invesco returns to Asia

16 June 2011
Legal & General environmental fund aims at low-carbon switch

16 June 2011
McFall wants to widen tax relief to give boost to advice

16 June 2011
IMA delays new managed sector implementation date

15 Jun 2011

The IMA has pushed back the implementation date for its managed sectors to October 1, 2011.
Cazenove pair go wary on banks

14 Jun 2011

Peter Harvey and Chris Rice are wary on banks as the European debt crisis deepens.
BIBA presents 7,000 strong petition for review of FSCS

13 Jun 2011

BIBA’s 7000 signature petition is to be presented to the House of Commons tonight.
Serious Fraud Office appoints Simon Duckworth as non-exec director

13 Jun 2011

Barings targeted return fund chairman Simon Duckworth joins SFO.
Bridge sets five-year £5bn target for MAM

10 Jun 2011
Cazenove looking to drive income with global fund

10 Jun 2011
Ron Gillies quits Cofunds for Renaissance

9 Jun 2011

Cofunds head of strategic relations Ron Gillies has left to join Guernsey-based Renaissance Asset Managers as director of UK distribution and head of UK sales.
Investec claws back clients' cash after admin blunder

9 Jun 2011

Investec Asset Management reduced the income payments on its £74m managed distribution fund in May without notifying investors after an admin error saw too much money paid out of the fund in previous payments.
Cazenove considering switch to cash for multi-manager funds

9 June 2011
Foresight aims to turn round Acuity VCTs after 70% falls

9 June 2011
Label gazing

9 June 2011
Polin quits Ignis

9 June 2011
Prudential launches trio of passive funds

9 June 2011

Prudential is switching its £192m managed defensive and £62m cautious managed growth funds from active to passive and launching three new passive funds.
MAM Funds plan Oeic version of diverse income trust

8 Jun 2011

MAM Funds plans to launch a UK equity income multi-cap fund managed by Gervais Williams and Martin Turner.
PSigma sets out strategy for global equity income fund

7 Jun 2011

PSigma Asset Management will use a GDP-focused benchmark in its global equity income fund.
Skandia hands global dynamic equity mandate to Lapides

6 Jun 2011

Skandia has handed Lapides Asset Management to run a mandate in the global dynamic equity fund.
Former Acuity VCTs lose 70 per cent in value

6 Jun 2011

Two VCTs from private equity group Foresight have lost 70 per cent of their net asset value after the group took over the funds from Acuity.
IMA did not give small firms a say on managed sectors

3 Jun 2011

The IMA consulted only a small number of IFAs during the development of its new managed sector definitions, according to L&G managing director of unit trusts Simon Ellis.
Jonathan Polin quits Ignis

2 Jun 2011

Polin to leave at the end of July after seven years at Ignis.
Dunham to lead HSBC GAM fixed income in London

2 Jun 2011
Fund managers call for risk-based approach to IMA managed sectors

2 Jun 2011

Fidelity, Cazenove and Apollo have hit out at the Investment Management Association’s changes to its managed sector definitions and called for a risk-based approach.
Applied Research to run Fidelity trackers

2 June 2011
Ignis aiming to add fixed-income fund to absolute return range

2 June 2011
PSigma's Becket says Japan could leap by 40%

2 June 2011
Weighing up Japan

2 June 2011
Thomson: UK interest rates won’t rise until 2013

1 Jun 2011

Ignis chief economist Stuart Thomson believes interest rates won’t rise in the UK until 2013 despite an opportunity in February 2012.
Global manager Holliman quits Threadneedle for Polar Capital

31 May 2011
Multi-managers head for Europe exit

27 May 2011
L&G may open up institutional trackers

27 May 2011

Managing director of unit trusts Simon Ellis says the firm is considering making some of its institutional fixed-income tracker funds available to retail investors.
Lanning buys index-link gilts as inflation hedge

26 May 2011

Henderson head of multi-manager Tony Lanning has bought index-linked gilts for the first time in his £103m absolute return fund to protect against inflation.
De Blonay slashes bank holdings

26 May 2011
Passive aggressive

26 May 2011
Pru chairman McGrath keeps job after 22% protest vote

26 May 2011
Architas appoints head of business development

25 May 2011

Architas hires Cedric Bucher as head of business development.
Royal London 360° appoints new head of investment

23 May 2011

Vicky Ackers takes over from Mark Kennett as head of investment.
Architas expands multi-asset range

23 May 2011

Architas has launched trio of multi-asset passive funds.
Rules of discretion

23 May 2011
Pru chairman faces protest vote at AGM

20 May 2011

A fifth of shareholders vote against chairman’s re-appointment as investors register their dissatisfaction over failed AIA bid.
Lloyds eyes executive bonus clawback for PPI losses

19 May 2011

LBG is considering clawing back executive bonuses as a result of PPI losses.
Sants: New regulator to get stronger powers over the banks

19 May 2011

FSA chief executive says PRA will be given new powers to withhold future bonus and dividend payments by UK banks.
IMF chief Strauss-Kahn resigns

19 May 2011

IMF head has resigned following being charged with alleged sexual assault earlier this week.
Apollo and JPM mulling absolute return fund launches

19 May 2011

Both firms considering new launches in the absolute return sector.
Threadneedle loses American fund manager

18 May 2011

Andrew Holliman is to leave Threadneedle after seven years with the firm.
Jon Garland quite Ignis for Ardevora role

18 May 2011

Garland follows former Ignis head of marketing Rob Page to join ex-Liontrust managers Jeremy Lang and William Pattisson.
Bank of England to unveil "fresh approach" to regulation

18 May 2011

The Bank of England is set to unveil its new principles-based approach to regulating banks and larger financial institutions this week
Pru chairman faces AGM revolt

18 May 2011

Prudential chairman Hugh McGrath faces shareholder protest against his re-election at the AGM.
Richard Buxton: Interest rates won't rise this year

16 May 2011

Rates unlikely to rise past 2 per cent in the next 18 months.
FSA calls for tougher insider trade penalties

16 May 2011

The FSA calls for tougher insider trading penalties to move it in line with regulation in the US.
ABI warns Standard life over executive pay

16 May 2011

Trade body warns provider over changes to directors’ remuneration.
Do balanced managed funds have a future?

16 May 2011

Joanne Ellul reports on concerns over risk levels and the future viability of balanced managed funds
Cazenove suggests new IMA definitions for managed sectors

13 May 2011

Head of multi-manager Marcus Brookes has called on the IMA to consider adding three additional categories to its managed sector definitions.
Newton sees mining sector headed for a fall

13 May 2011

The mining sector has reached its peak and is likely to fall in value, according to Newton fund manager Tineke Frikkee.
Cazenove suggests new managed sector definitions

12 May 2011

Head of multi-manager Marcus Brookes has called on the IMA to consider adding three additional categories to its managed sector definitions.
June end for US QE puts brakes on commodity market

12 May 2011

Fund managers remain cautious on commodities in anticipation of the end of quantitative easing in the US and volatility seen in the sector.
Big rise in platform business brings boost for Axa Wealth

12 May 2011
Turner quits Collins Stewart and joins Williams at MAM

12 May 2011
BlackRock appoints head of nationals and networks

9 May 2011

BlackRock appoints Sanjay Gohil to the new role.
CBI cuts UK growth forecast for 2011

9 May 2011
Collins Stewart's Martin Turner to join MAM Funds

9 May 2011

Turner will co-manage the diverse income trust alongside Gervais Williams.
Trio pledge they will stick with cash funds

6 May 2011

L&G, LV= Asset Management and Premier say they will retain their cash funds despite Standard Life’s departure from the sector.
Axa Wealth Q1 sales up 12% to £950m

5 May 2011

Axa Wealth increased sales 12 per cent in Q1, from £852m to £950m, compared to the same period in 2010.
Ignis ponders higher-risk absolute return fund

5 May 2011

Ignis Asset Management says it may launch a higher-risk version of the absolute return fund the firm launched in March.
Martin Currie mulls India fund launch

5 May 2011

Martin Currie is looking at launching an India fund to complement its emerging markets portfolio.
Balanced fund is scrapped by OPM in RDR shake-up

28 Apr 2011

OPM Fund Management is to close its balanced managed fund and suggests such funds will become unviable after the retail distribution review.
Aberdeen multi-manager team sells out of gold

28 Apr 2011

Aberdeen’s multi-manager team has sold all of its gold exposure within its £800m fund range.
Fund firms put gold on hold as price hits new high

28 April 2011
Sentance exit could weaken call for rise

28 April 2011
UKSIF warns product development could be stifled

28 April 2011
Fidelity to merge growth & income into moneybuilder growth

27 Apr 2011

Fidelity is proposing to merge James Griffin’s £151m growth & income fund into his £484m moneybuilder growth fund.
OPM set to launch two funds for model portfolio service

26 Apr 2011

OPM Fund Management is to launch two new funds next month in readiness for the launch of its model portfolio service.
ABI urges FSA not to over-regulate products

26 Apr 2011

The Association of British Insurers has urged the FSA to not to over-regulate products.
Fidelity says FSA damaging competitiveness

21 April 2011

Fidelity International European chief executive Robert Higginbotham has warned that the FSA’s “overly bureaucratic and intrusive” regulation is damaging UK competitiveness.
MPC still split 6-3 over interest rate rise

20 Apr 2011

Minutes reveal Spencer Dale, Andrew Sentance and Martin Weale continue to call for an increase.

Money MarketingJoanne Ellul Editorial

Money Marketing
Joanne Ellul Editorial