Joanne Ellul

Joanne Ellul has left Money Marketing

Darwin fund benefits from weakening yen

TM Darwin founder David Jane has bought Japanese exporters and hedged out currency risk in the £24m TM Darwin Multi Asset fund to take advantage of the weakening yen. Following the appointment of new prime minister Shinzo Abe in December, the Bank of Japan expanded its asset-purchase program by ¥10trn (£78bn) by buying more Treasury […]

Henderson appoints Mercer’s O’Connor to multi-asset team

Henderson has appointed Mercer Investment Consulting partner Paul O’Connor as a director of its multi-asset team. O’Connor, who joins the team later this month, will work across the £5.4bn multi-asset range and will contribute to asset allocation and product development. He will report to Henderson head of multi-asset Bill McQuaker. Prior to working at Mercer […]

Ex-Henderson marketing head Richard Wilson to join HSBC

Former Henderson director of marketing and distribution services Richard Wilson is to join HSBC Global Asset Management, Money Marketing understands. Wilson is set to take up a global marketing role. He will join to work in the global client proposition team, which is led by global head of client propositions David Chellew. Fundweb revealed that […]

Momentum launches three risk-profiled funds that target inflation

Momentum has launched a trio of risk-profiled funds that target a return that beats inflation. The series, called the Factor Series, consists of three funds that have been risk-rated three, four and five by Distribution Technology. They target beating inflation over the medium to long term. The funds will be run by lead portfolio manager […]

Jupiter hires two credit analysts

Jupiter has appointed two credit analysts to bolster its fixed income and multi-asset team. Luca Evangelisti joins from Moody’s, where he was an associate in the financial institutions group for two years. Harry Richards is transferring internally from Jupiter’s private clients and charities team, where he has been working since 2011. Following the hires, the […]

City Financial ups risk in multi-asset funds

City Financial fund manager Mark Harris is adding risk into the multi-asset funds he has taken over following City’s acquisition of Eden Financial’s asset management arm. Harris joined City from Eden alongside a number of colleagues after the deal completed in October. Last week, City announced Harris has taken over the £34m City Financial MultiManager […]

F&C offers Thames River range with life cover option

F&C is adding a life cover option to its Thames River multi-manager funds, offering protection against a capital shortfall of up to £150,000 on death. Investors up to the age of 79 are able to buy into the protected share classes on a whole of life basis, with no medical underwriting required, and will pay […]

Bank PPI costs could double to £25bn

The payment protection insurance misselling scandal could cost banks £25bn, nearly double the £13bn they have currently set aside, according to research by The Times. It suggests under a worse-case scenario, the costs of PPI could be as high as £40bn, if banks are forced to pay back every fee they generated over more than […]

F&C offers Thames River range with life cover option

F&C is adding a life cover option to its Thames River multi-manager funds, offering protection against a capital shortfall of up to £150,000 on death. Investors up to the age of 79 are able to buy into the protected share classes on a whole of life basis, with no medical underwriting required, and will pay […]

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Adviser verdict: Is now the time to buy gold funds?

If you look at the list of best and worst performing funds in 2012 it is not hard to see that gold funds had a tough time in the past 12 months. While gold itself returned 2 per cent in 2012, according to the spot price for gold traded on the London Gold Bullion market, […]