Morgan to lead Eastern European venture
F&Cs Gareth Morgan-led emerging Europe equities team is to take on management of the Dublin-listed Eastern European Fund from Nevsky Capital, with effect 30 April.
F&C
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Can Niven fill Tigues big sensible shoes
As Tigue steps down from landmark trust the pressure is on Niven to continue its steady run
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FandC veteran Tigue to retire
F&CIT veteran Jeremy Tigue will hand reins to Paul Niven in July.
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Asset managers to merge funds not companies
European asset managers are set to rationalise their fund ranges further, but at a corporate level a widespread M&A spree is unlikely.
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fandc and bank of montreal agree deal
The Bank of Montreal has agreed a deal to buy F&C Asset Management for £708m in cash.
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Bank of Montreal considers bid for FC
Canadian group BMO Financial, or Bank of Montreal‚ has put forward an indicative offer to purchase F&C Asset Management.
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Thorpe replace Yule FandC head of retail sales
After 20 years with F&C Investments head of UK retail John Yule is to leave the business and will be replaced by Rob Thorpe who joined in December last year.
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Alquity raids FandC for head of Asian equities
Alquity Investment Management has hired Mike Sell from F&C as head of Asian equities to manage Indian Subcontinent and Asia funds.
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RLAM boosts distribution team
Royal London Asset Management (RLAM) has hired former F&C marketing and communications head Tracy Fennell, while promoting internally for a new head of proposition.
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F and C US investment trust
F&C’s US Smaller Companies Trust could find its premium come under pressure following the resignation of Robert Siddles, who has decided to join Jupiter.
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GEM funds most consistent
Funds in the IMA Global Emerging Markets sector show the most consistency for top quartile returns, followed by those in the Japan peer group, according to Gary Potter and Rob Burdett’s quarterly F&C MM Fund Watch.
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FC INCOME
F&C Capital and Income returned 14.5% over the six months to 31 March, while NAV per share increased 12%, according to the company’s interim statement.