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.
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
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.
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 […]
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 […]
Focused on bottom-up stock selection, not just in equities but also corporate bonds, DNCA has a reputation as being a multi-asset manager, but is also well known for its European equity funds.
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The Government should consider allowing people to lower their contribution rates to 8 per cent under auto-enrolment to prevent a potential spike in opt-out rates over the next few years, AJ Bell says. Contribution rates are due to rise to 5 per cent in April this year and 8 per cent in April 2019 with […]
French asset manager Carmignac has called for more clarification on the new research costs rules under Mifid II as it claims rival firms have wrongly stated what the directive means for their business. Speaking to Money Marketing after an event in Paris, Carmignac managing director Didier Saint-Georges referred to asset managers as “cheeky” in their […]
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