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Downing looks to add Oeics

Downing Corporate Finance director Tony McGing says the firm may look to add to its rec-ently acquired small-cap fund with further Oeic offerings.

McGing says the firm would be interested in adding to the range once it has managed to turn performance round on its active management fund.

Last month, Downing took on the investment management of the CF Acuity real active management fund, now called the Downing active management fund.

Investment director Judith MacKenzie, who managed the fund at Acuity before her departure to join Downing in July 2009, manages the fund.

McGing says: “We have no concrete plans on what we want to do next on the Oeic range but we will be looking to add to it. We want to look at how we can best use our private equity abilities within that market.

“With a small-cap offering already in place, a mid-cap fund may be the next step but that is by no means a definite plan. We may also look to build our team for the Oeic market.”



FSA fines ex-analyst £50,000 for instant messaging

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FSA finds flaws in risk tools

The FSA has warned advisers against relying on risk-profiling tools after identifying weaknesses in nine out of 11 tools it reviewed. It published the findings of the review last week as part of a guidance consultation paper. The review looked at tools designed in-house by firms and those provided by third-parties, including platforms. The regulator […]

M&G’s Leaviss warns that BoE could be on the brink of policy error

M&G head of retail fixed interest Jim Leaviss has warned that the Bank of England could make a policy error  by hiking interest rates in the near future. Leaviss believes we may be seeing a re-run of the 1993/94 economic scenario, when bonds rallied hard in 1993 before the Fed unexpectedly hiked rates in February […]

Patrick Mill

Patrick Mill

As the emphasis moves from state provision to personal responsibility, the sales and distribution director of Alliance Trust Savings aims to meet the growing need for advice by increasing the company’s share in the intermediary market through its i.nvest platform.


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