robinson opens up altana distressed assets
New investment management firm Altana Wealth is opening its Altana Distressed Assets Fund (ADAF), run by founder and CIO of the firm Lee Robinson, to outside investors.
Product News
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london gets first actively managed etf
db X-trackers and SCM Private have combined forces to list the first actively managed ETF on the London Stock Exchange.
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obsr downgrades blackrock uk fund
OBSR has downgraded the BlackRock UK Fund in the wake of its management change, revealed by Portfolio Adviser yesterday.
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first property plans further uk fund
Commercial property specialist First Property plans to launch Fprop Sterling Income Fund, a mirror to its fully invested UK PPP fund.
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five big fund groups guilty
SWIP, M&G, Schroders, Standard Life and St James Place are the fund houses with the most “dog assets under management” according to Bestinvest’s latest Spot the Dog report.
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alternative government bond
Pictet Asset Management has launched a global government bond fund which will use an alternative strategy to select bonds based purely on the countrys ability and willingness to pay.
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meteor unveils two new plans
Meteor Asset Management has announced the launch of two new structured products, the Prima Platinum Plan 15 and the FTSE Income Deposit Plan 6, targeting returns of 10% and 7.25% per year respectively.
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guinness am joins clean fee club
Boutique fund manager Guinness Asset Management has launched a new “RDR ready” clean fee share class across its seven funds, with an AMC of 0.75%.
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invesco perpetual joins multi-asset rush
Invesco Perpetual has become the latest fund house to announce the launch of a new multi-asset proposition, as the trend of readying ranges to appeal to outsourcing advisers picks up pace.
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boltons buybacks fail to markedly
Anthony Bolton’s Fidelity China Special Situations Investment Trust continued its trend of underperformance in the final quarter of 2011, despite undertaking significant share buybacks over the period.
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first state denies soft-closure
First State has denied its GEM Leaders Fund is nearing soft closure and said it still has plenty of capacity for further inflows.
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uncomfortable reading for commission
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.
