FTAdviser.com

Gartmore ready to roll FoFs into one

Story by: Oliver Shah, Investment Adviser

Active, Global High Alpha and High Alpha likely to fuse into single high-alpha offering.

• Time published: 00:01
• Date published: 02.06.2008
• Published in: Investments

Germany-listed fund joins iPeit

The £530m Princess Private Equity trust has become the first Germany-listed fund to become a member of the Initiative for Private Equity Investment Trusts.

• Date published: 02.06.2008

Insight increases soft commodities exposure

Managers Armstrong and Cukic raised exposure on Diversified Target Return and Diversified Dynamic Return funds

• Date published: 02.06.2008

James Hay launches website for IFAs

James Hay Wrap Managers has recently announced the launch of advisercentre, a website aimed at helping professional advisers and their business.

• Date published: 02.06.2008

Liontrusts welcomes Fosh

Julian Fosh to work as co-manager alongside Anthony Cross

• Date published: 02.06.2008

SVM fund tipped to weather market storms

SVM Asset Management's Colin McLean and Donald Robertson have tipped the private equity portion of their £244m Global fund to outperform in turbulent times.

• Date published: 02.06.2008

FSA opens up disclosure debate

Watchdog seeks industry opinion on transparency as a form of regulation

• Date published: 02.06.2008

Alliance Trust slashes equity exposure

The team behind the £2.3bn Alliance Trust has cut the fund's equity exposure and reduced its gearing, concerned over the prospects of weak economic growth and rising inflation.

• Date published: 02.06.2008

S&P rolls out two indicies

Standard & Poor’s has launched two investable indices, intended to provide investors with beta exposure to natural resources and commodities.

• Date published: 02.06.2008

Charlemagne to launch Middle East and North Africa fund

Open-ended Ucits III offering will be managed by Gabor Sitanyi and Sharat Dua

• Date published: 02.06.2008

AIC figures show narrowing investment trust discounts

The average investment trust discount has narrowed from 10.6 per cent to 8.5 per cent since the beginning of 2008 despite market volatility, figures from the Association of Investment Companies have shown.

• Date published: 02.06.2008

Invesco backs Japanese blue chips despite economic strife

Japanese blue chips are looking "very cheap", despite a number of economic headwinds, Invesco Perpetual has claimed.

• Date published: 02.06.2008

Aifa releases green policy guide

The Association of Independent Financial Advisers has urged intermediary firms to improve their green credentials by following its green office policy guide.

• Date published: 02.06.2008

Barclays waives initial charge on five funds

Barclays Stockbrokers has announced a special offer on five funds until the end of June, allowing intermediaries and clients to buy in with no initial charge.

• Date published: 02.06.2008

High oil prices likely to continue, says Fortis

The oil price has not been pushed up by speculators and is likely to remain high, Fortis Investments has claimed.

• Date published: 02.06.2008

New Star manager sticks to his guns

New Star Asset Management's fund of trusts manager Paul Craig is holding back from making changes on his four portfolios, despite admitting his defensive stance has not protected him from negative returns.

• Date published: 02.06.2008

Midas manager ups corporate bond weighting

Midas Capital multi-asset specialist Alan Borrows has increased his corporate bond weighting for the first time in more than two years, looking to take advantage of widening spreads.

• Date published: 02.06.2008

JPMorgan's Fish forecasts bottoming out of US economy

Manager claims US economy experienced similar cycles in equities before

• Date published: 02.06.2008

GAM rolls out Star Absolute EuroSystematic fund

GAM is launching a regulated European absolute returns fund for manager Ross Hollyman and his team

• Date published: 02.06.2008

Train eyes on small caps, says Resolution manager

Now could be the time to boost exposure to UK small caps, the manager of Resolution Asset Management’s £99.7 Smaller Companies fund has said

• Date published: 02.06.2008

Impax records £1.3bn under management last month

Environmental investment specialist Impax Group has seen its assets under management expand over the past year, almost doubling since March 2007.

• Date published: 02.06.2008

Pacific trust falls short of benchmark in first quarter

The £145m Pacific Assets trust undershot its benchmark in the first quarter, despite increasing its gearing and bringing down its discount to net asset value.

• Date published: 02.06.2008

Top fund manager urges return to government bonds

Index-linked government bonds – a popular investment during the high-inflation 1970s – should once again be part of an investor’s armoury of inflation hedges, according to a leading fund manager.

• Date published: 02.06.2008

Turner to take charge at the FSA

Adair Turner is to take the helm of the FSA from current chairman Callum McCarthy later this year, the Treasury announced last week.

• Date published: 02.06.2008

Pioneer launches second Ucits III cash-plus fund

PAI Absolute Return Asian Equity will look to give long-short exposure to China and south Asia

• Date published: 02.06.2008

Baillie Gifford rejigs management teams

Co-mangers join Pacific and European funds, but firm says changes are not performance related

• Date published: 02.06.2008

Barclays relaunches Defined Returns Plan

Barclays Wealth is expanding its range of products available for IFAs by relaunching its Defined Returns Plan.

• Date published: 02.06.2008

New IMA sector sees inflows near £160m

IMA chief executive welcomes boost to overall fund sales and heralds property funds as seeing return to form

• Date published: 02.06.2008

Octopus spreads tentacles with latest VCT launch

Octopus Investments has launched the Octopus Titan VCT 3, following the successful launch of Octopus Titans 1 and 2 last November.

• Date published: 02.06.2008

Castlestone rolls out Ucits-III version of Aliquot fund

Alternatives specialist Castlestone Management has launched a Ucits III version of its £124.7m Aliquot Commodity fund.

• Date published: 02.06.2008

Invesco manager stands by positions in oil and telecoms

Invesco Perpetual UK equities manager Martin Walker has said he will hold his major positions in oil, pharmaceuticals and telecoms, anticipating a stabilisation in the home market.

• Date published: 02.06.2008

Lehmans predicts US heading for 'W curve'

Unusual performance trajectory caused by Fed's move to encourage consumer spending with stimulus cheques

• Date published: 02.06.2008

BlackRock sees trend for performance fees

Firm has no plans to introduce fees on its long-only funds, but predict swing towards incentivisation

• Date published: 02.06.2008

Fixed income managers taking on more risk, says S&P

Managers of US-dollar denominated fixed income funds are taking on more risk across the board, according to Standard & Poor's Fund Services.

• Date published: 02.06.2008

S&P names Schroders and New Star funds as struggling to perform

New Star marketing director claims combination of negative market sentiment and underperformance to blame for incease in redemptions

• Date published: 02.06.2008

HSBC claims expansion defeating market blues

Director responsible for fund says he is looking to invest in overseas PFI projects

• Date published: 02.06.2008

SWIP calls for IFAs to learn more about property investments

Scottish Widow Investment Partnership has called for IFAs to enhance their understanding of direct and indirect property investments through improved education, to better take advantage of both asset classes.

• Date published: 02.06.2008

Axa criticised over Aim VCT 1 performance

Axa Framlington has come under fire for the performance of its £15.8m Aim VCT 1, which has lost almost half its value since the start of the year.

• Date published: 02.06.2008

Fidelity unveils new details for Global Credit Opportunities fund

Fidelity International has revealed further details of its Global Credit Opportunities fund, managed by fixed income specialist Ian Spreadbury.

• Date published: 02.06.2008

Lo stepsintoLai's shoes

Louisa Lo is taking over management of a number of Schroder Investment Management's Asia-focused funds following the departure of manager Millicent Lai.

• Date published: 02.06.2008

S&P figures show quant funds falling behind

Firm claims some funds were hit by exposure to underperforming small and mid-cap stocks

• Date published: 02.06.2008

SVM urges caution over high-yielding portfolios

Investors looking for an equity income fund should beware of high-yielding portfolios, according to SVM Asset Management.

• Date published: 02.06.2008

EEA foresees more bad news for banking sector

Financial specialist EEA Fund Management has claimed Fidelity International’s Anthony Bolton is premature in suggesting the time is right to buy UK banking stocks.

• Date published: 02.06.2008

haart calls for more lending for housebuyers

Falls of up to 10 per cent in house prices across the country are natural corrections of a decade's unsustainable growth, according to independent estate agent haart.

• Date published: 02.06.2008

Premier splices pair of funds

New portfolio will have bias towards UK equities and commodities will make up 40 per cent of fund

• Date published: 02.06.2008

Pictet revamps Telecom fund

Pictet Funds is overhauling its $101m (£51m) Telecom fund, adding a manager, widening the vehicle's remit and renaming it Digital Communications.

• Date published: 02.06.2008

Capital trust takes top spot in ranking survey

The £1.8bn RIT Capital Partners trust has claimed the top spot in Alliance Trust Savings' Isa ranking survey for the second consecutive year.

• Date published: 02.06.2008

Cofunds passes £15bn mark in AUM

The Cofunds platform has passed the £15bn mark in assets under management, two years after gathering £10bn in client funds.

• Date published: 02.06.2008

Aifa restructures RDR working party

The Association of Independent Financial Advisers has rejigged its RDR working party.

• Date published: 02.06.2008

SLI acclaims absolute return funds for retail portfolios

Standard Life Investments has hailed absolute returns funds as a future core holding in retail portfolios, as it announced its intention to include its new Global Absolute Return Strategies fund in the IMA Absolute Return sector.

• Date published: 02.06.2008

Winterthur adds five M&G funds

Five M&G funds have been added to the Winterthur Tailored Selection range.

• Date published: 02.06.2008

Axa Planning Tool wins web award

The Axa Planning Tool, a web-based portfolio planner from Axa Wealth Management, has won an EEE-rated e-Excellence award for the third year running.

• Date published: 02.06.2008

Meteor launches Plan 6

Meteor Asset Management has launched the latest in its line of Galaxy Protected Commodities range, Plan 6.

• Date published: 02.06.2008

Ascentric becomes corporate sponsor of IFP

Ascentric, the Independent Wrap Provider, has become a corporate sponsor of the Institute of Financial Planning.

• Date published: 02.06.2008

Investment trust discounts narrow despite volatility

The average investment trust discount has narrowed from 10.6 per cent to 8.5 per cent since the beginning of 2008 despite market volatility, figures from the Association of Investment Companies (AIC) have shown.

• Date published: 27.05.2008

Japanese blue-chips "very cheap": Invesco

Japanese blue-chips are looking "very cheap" despite a number of economic headwinds, Invesco Perpetual has claimed.

• Date published: 27.05.2008

S&P launches commodities and natural resources indices

Standard & Poor’s has launched two investable indices, intended to provide investors with beta exposure to natural resources and commodities.

• Date published: 27.05.2008