View more on these topics

Thames River to cap fund at 250m

Thames River Capital will close its 230m property income and growth fund to new investors when it reaches 250m.

Managing director Charlie Porter says the fund has a 500m capacity and was always intended to be closed when it reached half of this.

He says: “We are not an institutional juggernaut. Running a property fund at 250m is far more efficient than running one into the billions.”

Meanwhile, Sarasin Chiswell is launching a fund investing in Reits and property shares.

The real estate equity fund, which launches on February 5, will use Ucits III powers to short stocks through contracts for difference and aims to deliver RPI plus 3.5 per cent a year over a rolling three-year period.

Sarasin is also launching a UK equity income fund to be managed by Graham Ashby. It will hold 25 equally weighted stocks and aims to yield 4 per cent.


Isa sales fall in November but big surge is forecast

Net Isa sales were negative in November despite continued strong performance from the stockmarkets and Treasury Economic Secretary Ed Balls’ commitment to maintain the tax wrapper.Although net Isa outflows were small at 3.1m, sales were down by 83m on October and 82m down on November 2005. The most popular Isa sector was UK all companies […]

FSA steps up crusade against rogue PPI providers

The Financial Services Authority will undertake further mystery shopping and thematic work in the payment protection insurance market.In what it is calling one of the largest programme of thematic work undertaken, it will aim to root out further abuses in a sector tarnished by a string of horror stories.The FSA has also promised enforcement action […]

Advisers hail the third coming of Mott

Bill Motts’ dramatic decision to come out of retirement and return to day-to-day fund management is like the third coming according to Hargreaves Lansdown head of research Mark Dampier.Dampier says that Mott, who is joining forces with former managing director at Credit Suisse Ian Chimes, has almost legendary status among intermediaries and his return is […]

Tax-free gains? That can’t be right, can it?

When he was Chancellor of the Exchequer, George Osborne made several changes to the way in which income is taxed. Personal allowances were increased significantly above the rate of inflation; a starting rate band was introduced for savings income and, with effect from 6 April 2015, this was assessed at 0 per cent. In addition, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm