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Fidelity builds on Asian credentials

Fidelity has launched an Asia aggressive fund under the management of David Urquhart.

It is designed to be a more aggressive version of Fidelity’s £1.1bn South-east Asia fund which Allan Liu has run since 2003.

Urquhart’s fund is likely to hold 55 to 85 stocks as opposed to the 200 or so typically held in Liu’s fund.

It is set to invest on a wider geographical basis than the South-east Asia fund, with areas such as Australia, India and Pakistan all considered for possible investment. The Asia-Pacific will exclude Japan for investment opportunities.

Urquhart joined Fidelity as a research analyst in 1996. His most recent role was as manager of its Korean Sicav fund which he passed on to Taewoo Kim in August 2007.


Darling in plan to allow secret bank rescues

Chancellor Alistair Darling has set out proposals to allow the Bank of England to offer secret help to banks suffering liquidity problems.A joint consultation document from the Treasury, Bank of England and the FSA recommends that the BoE should be allowed to delay revealing emergency help to a bank in special circumstances.It says: “The Government […]

It seems the grass is greener for some

Higher adviser fees, above average pay rises for FSA staff and a partial U-turn on job cuts were the headlines that emerged from the regulator’s business plan last week.


Written in the sand

FTS, the sister company of Cardif Pinnacle, will be sponsoring this year’s annual Beach Volleyball Classic Tournament on August 23 and 24 at Central Beach, Great Yarmouth. It will also be sponsoring Great Yarmouth’s entry to the Norfolk Disability Youth Games on October 17 at the University of East Anglia Sportspark, Norwich.


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