View more on these topics

Credit Suisse adds to cash position after market rally

Credit Suisse co-head of multi-manager Aidan Kearney says the team has been slowly adding to its cash positions following the recent rally in markets.

Kearney says the team has been taking advantage of the good days and that the market may soon have to price in what is going on in the real economy.

He says: “Many funds have made big returns since the rally began at the start of March but there are still issues such as why the Bank of England will not release the stress tests on the banks. Unemployment, deflation and quantitative easing are also hanging over the economy.”

The team, which is set to move across to Aberdeen in the summer, now has cash positions in the region of 10 per cent across the funds within its 730m fund range and Kearney says the UK may well be the place to invest that money in the future.

“When you look at the UK there are major problems like political leadership and a poor currency but it can be argued that Europe and the US are in worse shape.”


Price will run Fidelity emerging markets fund

Fidelity is changing the lead manager of its emerging markets fund, with Nick Price replacing Bob von Rekowsky.Price will take over the running of the £352m fund on July 1, with Boston-based Von Rekowsky focusing on managing his existing institutional emerging market equity mandates.Since taking on the emerging markets fund on December 31, 2003, Von […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm