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F&C shutting Aim fund

F&C is closing its Aim growth fund on October 30 due to low demand. The £7m fund is run by Catherine Stanley and was launched in September 2001.

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Jorma Korhonen

Fidelity’s new global special situations fund manager has the toughest act in the fund business to follow in taking over from Anthony Bolton but he says he wants to get the message across to investors and advisers that the fund is all about absolute returns and he is not averse to taking substantial risk. Interview by Philip Scott

A blurring of styles

The US equity arena has been the graveyard of many an aspiring fund manager. It is notoriously difficult to outperform the US equity market consistently – a fact to which many UK-based US equity managers can testify. The resulting shortage of supply often tempts US-based houses to come over to the UK to try and fill the gap.

‘Bonds at risk under Ucits III’

Some bond fund managers using new investment flexibility available under Ucits III are putting money at risk because they do not have the necessary skills, says Credit Suisse multi-manager co-head Gary Potter. He is concerned that many managers do not have the knowledge to use the new tools, such as credit derivatives and stock-shorting and […]

Under the influence of providers

I disagree completely with Tenet Group’s Simon Hudson’s article (MM September 21). First, Mr Hudson’s ideas are based on the fact that no advisers are biased by commission. If this truly were the case, then life offices would not raise or reduce pension commission payments depending on whether they wanted to increase or decrease market […]

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