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Bramdean Alternatives to move to private equity
The board of The Bramdean Alternatives investment trust (BRAL) is proposing to re-brand the trust to Aberdeen Private Equity, following Aberdeen’s takeover of the portfolio trust in November last year.
Analysis: Britain’s trade deficit widens to 17-month high
Hopes of an export-led recovery of Britain’s economy were dashed today following figures published by the Office for National Statistics (ONS).
Aegon switches pricing on property fund to reflect inflows
Aegon has switched the pricing model on the Aegon Scottish Equitable Property fund from a cancellation to a creation basis to reflects increased investor inflows into the fund.
T Bailey to merge UK Best Ideas into Growth fund
T Bailey is to merge its £1.8m UK Best Ideas fund into its flagship £172m T Bailey Growth fund.
Schroder and Henderson beat earnings expectations
Schroders and Hendersons cheered investors last week with higher than expected earnings figures as the two fund management groups published their annual results.
Money market funds hit by switch to equities
Money market funds have struggled to recover from the effects of the credit crisis, suffering net outflows over the past couple of months as investors have switched into equity funds.
Himsworth loosens shackles in pursuit of growth
?Leigh Himsworth, Gartmore’s recently appointed head of UK equities, has completely turned over the holdings in his two funds since joining the firm in September.
Absolute return funds boost Gartmore’s assets under management
Gartmore has reported net inflows of £485m into its mutual funds for the year ended December 31, 2009, boosting its assets under management by 19% compared with 2008.
Adviser focus: Paul Bovey
“There are still opportunities in emerging markets but people should have invested their money a year ago.”
Baillie Gifford revises charges on Global Income fund
Baillie Gifford will offer its newly renamed Global Income fund at a reduced initial charge of 3% until June 30.
OECD unemployment dips in January
Unemployment in those countries belonging to the Organisation for Economic Co-Operation and Development (OECD) fell by 0.1% in January, although in all OECD countries unemployment is still at higher levels than a year ago.
Manager focus: Tony Lanning
Tony Lanning, Gartmore’s head of multi-manager, latest major asset allocation shift has been moving his funds’ assets out of investment grade corporate bonds and into strategic bond funds.
Strategic bonds gain traction, says Cofunds
Strategic bonds gained traction in February, accounting for 7% of net sales on the Cofunds platform.
Ex-Fidelity Palmer joins Legg Mason
Mark Palmer has joined Legg Mason Global Asset Management as the director of business development for the UK.
Henderson appoints co-manager on fixed income funds
Henderson New Star has appointed Ben Pakenham as the co-manager of the New Star Extra High Yield Bond and New Star High Yield Bond funds.
Corporate bond funds hit rock bottom
UK Corporate bond funds saw net outflows of £228m in January, making them the least popular asset class, according to the Investment Management Association (IMA).
Lang and Pattisson set for boutique launch
Former Liontrust star managers Jeremy Lang and William Pattisson are to launch their own asset management boutique this autumn.
Invesco Perpetual mulls Asian equity launches
Invesco Perpetual is considering adding two new products to its Asian equities fund range.
Foreign & Colonial IT grows dividend
The £2.23 billion Foreign & Colonial Investment Trust has raised its dividend for a 39th consecutive year, despite marginally underperforming its benchmark.
Insight to close UK Small Cap and Evergreen funds
Insight Investment is to close its UK Small Cap and Evergreen funds after a number of principal investors chose to redeem their holdings.
