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Axa Framlington bolsters emerging markets team

Axa Framlington has appointed Neil Denman as a fund manager on the group’s emerging markets team.

Denman will report to William Calvert, who heads up the team and is lead manager on the £145m emerging markets fund.

Denman joins from Hexam Capital Partners where co-managed the global resources absolute return fund.

Axa Framlington chief executive officer Robert Kyprianou says: “The expansion of our team and our emerging markets offering are important developments for Axa Framlington. We are now seeing a lot of interest in our capability from investors in Europe as well as those in the UK. It is therefore important for us to continue to strengthen, enhance and support our growing team.”


MetLife cuts annual fee for trustee plan clients

MetLife is reducing the ann- ual management charge of its trustee investment plan from 0.95 per cent to 0.5 per cent for all new and existing customers.MetLife moved into the UK market a year ago and says it is now aiming to expand further in the corporate market.Following the charge change, the company will offer […]

New Star sees £3bn outflows

New Star is looking to build on its emerging market offering after its Heart of Africa fund grew to £52m in the first five months.The company believes that increased economic growth trends and reduced political risks mean that UK investors are set to increase their emerging market exposure in the future.Heart of Africa, managed by […]

Brokers face £625m hit on proc fees

Edeus is warning that the cre-dit crunch could see up to £625m wiped off the total income potential for mort- gage advisers.The firm has calculated a 31 per cent deficit in the amount of finance expected to be available to borrowers this year and believes this will result in a dramatic reduction in procuration fees.Gross […]


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