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Eden sets up retail fixed-income portfolio

Eden Financial plans to launch a strategic fixed-income offering early next year and is recruiting a new manager for the fund.

Credit fund manager Thomas Leah runs a fixed-income portfolio for a private client but the firm does not offer a retail fixedincome fund.

Eden Financial head of asset management Ed Rosengarten says: “We need to hire a head of credit research to work alongside Leah. The appointment will be announced in a few months.

“We will launch a fixed-income fund for the two managers in the early part of next year. It will be a strategic credit fund and I want the fund to be unconstrained. That will give us a very good fund range covering equities, credit and multi-strategy.”

Leah joined Eden in May 2009 from Citi Alternative Investments where he spent five years trading fixed-income securities and derivatives for the global credit structures division.

Former M&G head of equities Rosengarten joined Eden Financial in February and former Gartmore managers Leigh Himsworth and Dan Roberts joined in July.

Himsworth will launch the CF Eden UK select opportunities fund in September and Roberts will launch the Eden global equity fund in October.


Prudential increases dividend 20% as UK profits rise 7%

Prudential has hiked its interim dividend 20 per cent from 6.61p per share last year to 7.95p per share this year as UK operating profits increased 7 per cent from £330m in the first six months of 2010 to £353m this year. The provider’s UK performance was driven by a surge in corporate pensions sales, […]

US announces deficit deal

President Obama confirmed yesterday that a bipartisan agreement has been reached between parties that would allow the debt ceiling to be raised. The risk of default has been averted before the August 2 deadline, as both Democrats and Republicans negotiators have agreed to  $1 trillion in cuts over the next 10 years. The new proposals […]


Paul Hogarth: There is no need to delay the RDR

The big news in our industry over the last couple of weeks has been the Treasury select committee’s report on the retail distribution review and its recommendation that it should be delayed by 12 months. This started quite a debate, with the obvious people and organisations coming out with the usual comments. I am glad […]

James takes over as president of CII

The Chartered Insurance Institute has elected Julian James as president. James, who is chief executive of insurance broker Lockton Companies International, was elected at the CII’s annual general meeting in London last week. He takes over from Allianz UK general manager Chris Hanks. Axa Commercial chief executive Amanda Blanc was elected deputy president. Speaking at […]

Leading Edge June – Investment panel debate

RLAM’s asset class specialists discuss some of the findings from the panel session at our recent Investment Conference. By Rob Williams, Head of Distribution Welcome to the latest edition of Leading Edge. It has been an eventful six months since the last e-zine. The European Central Bank announced ongoing stimulus measures, while the immigration crisis in Europe threw the […]


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