ABN Amro is set to introduce a North American fund in the last quarter of the year. The fund will be managed by US fund manager Montag Caldwell, which the Dutch bank acquired this year.
Credit Suisse Asset Management launches a new multi-manager Pep transfer and Isa offering today. Investors can choose any of CSAM's three new multi-manager funds – Constellation, Balanced Strategic and UK strategic. Minimum investment is £1,000 or £100 a month. Initial charge is 4 per cent up to £50,000 and 3.5 per cent over £50,000. Annual charge is 2.25 per cent.
Towry Law investment manager Richard Philbin has been appointed as the new head of Friends Ivory & Sime's multi-manager division. Philbin takes over from Bambos Hambi, who left to head Rothschild Asset Management's multi-manager division.
First State Investments has appointed Sara Dennehy as media relations manager. She joins from Gartmore where she has worked in the press office for five years.
The David Aaron Partnership has published a guide to property unit trusts and bonds. It looks at the performance of the commercial property market and the possibility that, as an asset class, it may outperform equities over the next few years.