Absolute return funds are not “incompetently run” despite chalking up the fifth-worst sector performance across the IMA universe in the final quarter of last year, according to research from Thames River Multi-Capital.
Brewin Dolphin saw commission income drop by almost a quarter in the three months to 31 December, even as funds under management increased by 3.8% to £24.9bn.
Investment boutique Majedie Asset Management has soft closed its long/short equity Tortoise Fund after it reached its capacity limit of £250m.
There is risk in them there hills but, as Lee Robertson argues, for those prepared to be brave and make a positive investment decision, the rewards are there.
Fairbairn Private Bank has created two new senior management roles to help steer the company through “macroeconomic headwinds”.
Patrick Harrington, manager of the £91m Jupiter Undervalued Assets Fund and co-manager of the Jupiter Monthly Income Fund, has left the firm amid poor performance from both mandates under his tenure.
Aviva Investors has backtracked on an announcement made yesterday, which suggested it was targeting a pull-back from the retail space, saying it is committed to its clients in this area.
James Smith takes the positives from India’s poor-performing equity markets and argues the case for solid long-term investment opportunities.
Stephanie Kretz assesses the impact for investors of last summer’s political unrest and the more recent threat of military intervention in the Middle East that have both threatened oil supplies.
M&G Investments has appointed Alex Jeffrey as the new chief executive of Prupim, its real estate fund management business.
Money market funds helped BlackRock and JPMorgan retain their positions of largest and third largest fund companies in Europe last year, according to latest data from Morningstar Direct.
Aviva Investors has announced plans to pull back from the UK retail market, cutting 160 jobs in order to focus on its institutional proposition, it has announced.
