The departure of Gary Shaughnessy as Fidelity’s UK managing director could not come at a worse time for the firm. In the year to the end of February it has seen total outflows of £1.8bn, with investor confidence in some of its flagship equity funds at a particular low.
Ashcourt Rowan has announced the appointment of Richard Sinclair to the board of the company, the latest in a series of executive changes since Johnathin Polin has been in charge.
Martin Currie has hired Matthew Franklin who joins after 15 years with Schroders as the new senior investment analyst for global industrials and utilities research.
John Clougherty is to leave his position as chief executive of Aviva Investors UK funds business.
Fidelity’s UK managing director Gary Shaughnessy is to depart the firm to head up Zurich’s UK Life business from June 2012.
Chris Iggo steers through what we know – low growth, stable, low interest rates and other quantifiable risks – and points investors to where the fixed income opportunities are.
Thesis Asset Management has made two senior management hires, Lawrence Cook and Neil Lloyd, who will join as business development & marketing director and compliance manager respectively.
Source has unveiled an ETF designed to provide value-focused exposure to the European equity market with an AMC of 0.35%.
It is not often that fund managers and intermediaries agree to the extent they are right now but at the moment there is a huge amount of consensus about the economic environment, resulting in remarkably similar asset class views.
Kames Capital has announced its intention to waive the performance fee on its UK Equity Absolute Return Fund until the end of the year from 2 April.
Advisers looking to outsource investment decisions to a multi-manager fund in the lead up to RDR should choose carefully, as very few have managed to perform consistently since 2008.
MAM Funds has announced a 5% increase in average funds under management during 2011, with Martin Gray’s Miton Special Situations and his Miton Strategic funds among those with the biggest pull for investors.
