hsbc opens up next generation fund
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%.
Product News
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allianz gi sheds rcm label
Allianz Global Investors is to rename its offshore and onshore funds, in the process removing the RCM brand it acquired in 2001.
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black-listed henderson higher income
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.
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european investors redeem 100bn euros net in 2011
In 2011, investors across Europe redeemed net more than 100bn from Ucits and non-Ucits funds, according to the latest figures from EFAMA.
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asian debt now a mainstream asset class
Fixed income benchmarks are out of kilter with Asian debt markedly underrepresented within the global bond universe, according to Legg Mason.
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pictet am launches short term high yield bond fund
Pictet Asset Management has launched a high yield bond fund which will invest in euro-denominated short dated bonds.
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glg soft closes award-winning
GLG has announced the intention to soft close both its Japan CoreAlpha Fund and its Japan CoreAlpha Equity Fund from 30 March.
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schroders launches em small cap
Schroders has unveiled an emerging market small cap offering to be run by Matthew Dobbs, head of global and international small cap equities at the firm.
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neptune slide is walker crips income gain
The 2012 Income Study sees some big names tumble down the rankings while there are notable winners in Principal IM’s latest survey.
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allianz gi to open income and growth
Allianz Global Investors has announced plans to offer its Income and Growth Fund to UK investors, with the launch of a new sterling-hedged share class by the end of the first quarter.
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post-rdr investment trusts
RDR is likely to have only a marginal impact, if any, on the demand for investment trusts among financial advisers, according to more than a third of delegates at a recent conference on the investment vehicles.
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Armstrong launches multi-manager
Distinction Asset Management, a partner of Armstrong Investment Managers, has relaunched its Cautious Return fund as a multi-manager fixed income absolute return vehicle.
