- Home
- News
News
Heron says Henderson will boost American exposure
Craig Heron, the director of fund of funds at Henderson, says the team expects to bolster its exposure to America towards the end of the year.
Agreement over new European financial watchdogs
The European Union (EU) has reached an agreement on reforms in the financial sector with the creation of a European Systemic Risk Council and three new watchdogs covering banking, insurance and securities markets.
FSA reveals extent of firms' failings in platform review
The Financial Services Authority (FSA) has revealed that every firm it visited as part of its platform thematic review did not have the appropriate systems and controls in place.
Bloxham aims to exploit trend-following weaknesses
Bloxham’s new Global Absolute Return fund aims to exploit the weaknesses of pure trend-following quant funds over the financial crisis, according to its manager.
Cheeseman quits F&C as multi-manager funds pass to Thames River duo
Dean Cheeseman, head of multi-manager at F&C, is to leave the firm as his retail range is set to pass over to Thames River Capital, Money Marketing, Fund Strategy’s sister publication, understands.
BlackRock tweaks and closes funds
BlackRock is tweaking its High Income fund and closing its Japan fund in a review of its retail range.
EU growth surpasses America’s
EU growth in the second quarter surpassed America’s, according to Eurostat figures published today.
Plan finances for long term, IMF tells government
The IMF has told governments to “focus on longer-term solutions rather than quick fixes” to generate growth and stability after sharp reactions to state debt crises in Europe.
Darling admits failure of banker bonus tax
Former Chancellor Alistair Darling has admitted that his tax on banker bonuses failed to change industry behaviour, because banks were able to work around the levy.
SLI Global Absolute fund storms to the top
Standard Life Investments (SLI) Global Absolute Return Strategies has become Britain’s best-selling fund, with net sales in the first half of this year more than double those of any other fund.
F&C completes Thames River deal
F&C Asset Management has completed its acquisition of investment boutique Thames River Capital.
Man Group promotes GLG co-CEO
Emmanuel Roman will take up the newly created role of chief operating officer at Man Group, following the group’s acquisition of GLG Partners.
Gartmore appoints general counsel
Gartmore has hired a former New Star general counsel to replace Bill McGowan, who is leaving the firm.
Manager focus: Nathan Gibbs
Nathan Gibbs, the manager of the Schroder Japan Alpha Plus fund, has been allocating to cyclicals despite a faltering recovery.
Luckraft trust faces liquidation
George Luckraft’s Framlington Innovative Growth investment trust is likely to be liquidated next week, following the outcome of today’s shareholder meeting.
Alquity launches African SRI fund
Alquity Investment Management has launched a sterling share class for its Alquity Africa fund, an open-ended Ucits III fund spanning nine countries and 12 sectors.
Omam hires new manager for Dynamic Bond fund
Old Mutual Asset Managers (Omam) has appointed Christine Johnson to manage its £30m Dynamic Bond fund.
Gervais Williams to be replaced at Gartmore
Gervais Williams, head of UK smaller companies at Gartmore, has left the firm, to be replaced by Adam McConkey.
Majedie trust launches new asset manager
The Majedie Investments investment trust has launched an asset manager to run its £148m portfolio.
Open-ended property funds caution
Investors who cannot afford a decent spread of individual property investments should avoid the commercial sector, claims Tritax, a specialist firm.
