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The Daley Update

Cofunds, the IFA fund supermarket, has made two new appointments to its growing team. Laurie Jaques will join the sales operation led by Rodney Aldridge. He joins from Baring Asset Management. Andy Creak has been appointed chief technology officer, joining from Cap Gemini.

Active UK fund managers are beating the indices amid volatile market conditions, according to new figures by Standard & Poor&#39s. The average return from a UK growth fund in the 12 months to August 1 was 11.1 per cent. This compares with growth of 7.6 per cent for the FTSE All-share index and 4.4 per cent for the FTSE 100. UK smaller companies funds have also fared well, with an average return of 46.2 per cent – almost 20 per cent ahead of the FTSE small cap index.

Old Mutual Fund Managers is to launch a UK smaller companies fund to be managed by former Hill Samuel small-cap manager Ashton Bradbury. The fund will be launched on January 29. Initial charge is 4 per cent and 1.5 per cent annual.Commission will be3 per cent with 0.5 per cent trail. Old Mutual Asset Management is changingits name to OMFM.

Aberdeen is offering a 1 per cent discount on its fixed-interest, high-yield bond and sterling bond funds in a bid to win redemptions from the CGU MIP fund. The discount will run until December 31. It reduces the initial charge from 4.25 per cent to 3.25 per cent.


Big brother is listening

Nigel BrainOperations director, OPAL ConsultantsHow many times have you been at work and used the telephone, email or the internet for personal reasons? Anything from booking your car in for a service to conducting an affair? How would you feel if your employer was listening in or recording you?Should the employer be able to do […]

CML welcomes Government regulation announcement

The CML has welcomed the Government announcement on the regulation of mortgages but warned there are hurdles to come over regulation of IFAs.The lender&#39s organisation has also welcomed the inclusion of equity release and flexible mortgages in the new regime.But it has warned that Government has provided no complete answer to how regulated lenders will […]

Allied Irish Bank offers two track investment

Allied Irish Bank is targeting building society savings account holders with its equity linked deposit account.Investors are given a choice as to whether they want to make their investment in Euros or sterling. The decision they make will have a bearing on what index the investment will follow. Investments in sterling will be linked to […]

Autonomy floats on LSE

Shares in software firm Autonomy began trading this week on the London Stock Exchange at £32.76. The shares climbed to £34.90 valuing the company at over £4bn which could be enough to enter the FTSE 100 index if this level is sustained until the next adjustment is due in early December. Autonomy provides the software […]

Derek Stuart: where to find value in the UK?

Derek discusses a number of Œself-help stories as examples of where he is finding good opportunities in the UK With the FTSE trading at historically high levels, many investors have questioned whether UK equities continue to offer value. But, as Derek points out, the headline figures mask many opportunities at a sector level. He has […]


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