Advisers who have invested mainly in unit trusts to the detriment of investment trusts over the past 10 years will be embarrassed to see the level of outperformance of closed-end vehicles over their open-ended counterparts, according to new research from Collins Stewart.
HSBC has launched high net worth (HNW) and institutional share classes for its Next Generation Fund, which invests in “new and upcoming hedge fund managers” and targets an annualised return of 12% to 15%.
Almost two-thirds of equity fund managers expect returns of more than 5% in 2012, while only 7% of fixed income managers expect the same from sovereign bonds, a survey by Aviva Investors has revealed today.
Thomas Meléndez explains the positives for investors as secular and cyclical outlooks combine for emerging markets, particularly in Latin America, and point towards soft economic landings.
Wealth manager and investment strategist RSM Tenon has appointed former CEO of Matrix Group, Chris Merry, as its new CEO, charged with returning the company to profitability.
Allianz Global Investors is to rename its offshore and onshore funds, in the process removing the RCM brand it acquired in 2001.
The event of the UK being put on negative outlook by ratings agency Moody’s was unsurprisingly given much attention this morning, but opinions are mixed on whether it would actually make a marked impact if we lost our coveted AAA crown.
Henderson has announced the restructuring of its Higher Income Fund just a day after it was kept on Principal Investment Management’s Income Study Black List for the second year running.
Moody’s, one of the big three ratings agencies, put the UK, France and Austria on negative outlook late last night, increasing concerns the countries will lose their prized AAA ratings.
SCM Private has lambasted the Investment Management Association (IMA), claiming it is leading the investment industry in the wrong direction – reducing transparency, rather than improving it.
Bob Doll is still ‘risk on’ despite the buffers that he anticipates are lying in wait for US straight-line growth seen over the past few months.
Pictet Asset Management has launched a high yield bond fund which will invest in euro-denominated short dated bonds.
