greethams fourth fund completes fidelity
Fidelity is to launch a fourth multi-asset fund for Trevor Greetham in response to adviser demand for risk-rated ranges that cover the full spectrum.
News
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liontrust bolsters european equity team
Liontrust has hired Samantha Gleave, formerly of Bank of America-Merrill Lynch, as a fund manager in the cashflow solution team, joining James Inglis-Jones and Gary West who manage the firm’s European equity range.
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ima board sees rise of new
The IMA has reshuffled its board, swapping senior representatives from Newton, Lazard and Aviva Investors for others from Fidelity, LGIM, Henderson and Aberdeen.
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brooks macdonalds discretionary fum up
Brooks Macdonald witnessed a 19% rise in discretionary funds under management in the year to 30 June, up to £3.5bn, as pre-tax profit year-on-year increased by 17% to £8.5m.
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fund buyers are quantitative lemmings
Fund pickers using a quantitative screen as the starting point to selection serve only to make big funds bigger and are likely to buy into these strategies just as performance is on the way down, according to Cazenove Capital’s head of multi-manager, Marcus Brookes.
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hbos director fined half a million
Former chief executive of HBOS corporate division, Peter Cummings, has been fined £500,000 by the FSA and banned from holding a senior position in any UK financial services firm.
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invesco raids std life for new multi asset
Standard Life Investments has lost three of its multi-asset team who are leaving to set up a bran new multi-asset division for Invesco Perpetual.
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syz co em fund not designed around the big five
Syz & Co’s new emerging markets fund has been designed around an index that avoids the usual reliance on the largest countries by cap size of those that follow the MSCI EM index.
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one out one up for jp morgan am sales team
Stuart Podmore has been promoted to head of strategic partnerships at JP Morgan Asset Management.
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dominion fund management adds global trends fund
Guernsey-based Dominion Fund Management has launched a global trends fund using a top down strategy covering ten sectors, to sit alongside its existing CHIC fund which is being re-named.
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Insight launches latest euro cash fund
Insight Investments has launched its latest Euro Cash Fund as deposit rates continue to stay at or close to zero.
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old mutual wealth to swallow up skandia brand
In the restructure that will see the Skandia brand disappear, Peter Mann is to become managing diretcor (UK) of the newly created Old Mutual Wealth business.