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F&C set to close Thames River world government bond fund

Thames River is set to close its world government bond fund by March 31 after its one client decided it no longer wanted to invest in this area following a review of its asset allocation.

The £82.4m Thames River world government bond Fund was launched on November 12 2008 and is an Irish open-ended investment company listed on the Irish Stock Exchange. It is managed by fund manager Paul Thursby and investment officer of the global bond team Peter Geikie-Cobb.

The fund is down 0.18 per cent on a one year basis to Janaury 31, compared to its benchmark the Citigroup world government bond index which is down 0.16 per cent over the same period.

An F&C spokewoman says: “This fund was originally set up for one client and that client has now made an asset allocation call away from the fund.”


European platform assets reach €740bn

Research conducted by The Platforum has put the collective assets of the European open architecture platform market at €740bn as at September 2011. The main countries involved in the European platform market, the UK, Italy, Germany and France have around €538bn, 72 per cent of the overall assets. The top five platforms in terms of […]

Providers show support for protection awareness day

Friends Life is looking to produce an annual benefit statement for its protection customers as insurers begin to offer their support for a protection awareness day. The news comes a week after Money Marketing and ex Ageas Protect managing director Martin Werth launched a campaign calling for the creation of an annual protection awareness day. […]

Close Bros looks for buys to add 80 advisers by July

Close Brothers Asset Management chief executive Martin Andrew says the company plans to continue its acquisition programme and is aiming to take on an additional 80 advisers by July. Last week, Money Marketing revealed that the firm’s head of intermediary acquisitions Stuart Dyer is retiring in April. Dyer led the company’s acquisitions of Scott Moncrieff […]

Schroders chair and investment chief step down

Schroders chairman Michael Miles and chief investment officer Alan Brown are to step down at the firm’s annual general meeting in May. Miles, who joined the board and was appointed chairman in 2003, will be replaced by senior independent director Andrew Beeson. Brown will continue to work at the company as a senior adviser. No […]


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