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Dalton to flood into emerging markets

Story by: Oliver Shah, Investment Adviser

Dalton Strategic Partnership has registered a fleet of emerging markets funds with the Luxembourg regulator, set to go live as and when the portfolios have been drafted.

• Time published: 00:01
• Date published: 09.06.2008
• Published in: Investments

G is for Great Financial Crises

We are told that The Lord works in mysterious ways. The Lord of the Stock Market, however, is a rather more predictable deity, over the long term at least.

• Date published: 09.06.2008

Far East developments boost Lincoln trust

Recent political and economic changes in Thailand and Taiwan are boosting the fortunes of Lincoln Financial Group's Far East Trust.

• Date published: 09.06.2008

Hexam claims emerging markets keeping global economy afloat

Emerging markets are "bailing out" the Western world and preventing the global economy from sliding into a full-blown recession, boutique Hexam Capital has claimed.

• Date published: 09.06.2008

SLI chairman praises trust's performance

Standard Life Investments’ £424.6m European Private Equity Trust delivered solid performance against a background of difficult market conditions, its chairman said.

• Date published: 09.06.2008

Lehman fears oil facing dot.com fate

Report points to inflated price of oil being momentum driven

• Date published: 09.06.2008

Legg Mason predicts bond opportunities

Significant opportunities are growing in non-government bond sectors at current valuations, according to Legg Mason’s fixed income specialist Western Asset Management.

• Date published: 09.06.2008

Dalton first to provide Pakistan-focused fund

Portfolio management outsourced to Karachi-based KASB funds

• Date published: 09.06.2008

Alliance appoints Craig as emerging markets manager

Investment trust giant £2.9bn Alliance Trust has appointed Kevin Craig as investment manager in its global emerging markets team.

• Date published: 09.06.2008

Credit Suisse gets unitholder approval for product merger

Credit Suisse has received unitholder approval to merge its £10m Multi-Manager Incubator fund into a new multi-asset product.

• Date published: 09.06.2008

Close cuts initial charge on three funds

Close Investments has cut the initial charge on its three Escalator 95 funds, bringing them in line with the main £144.9m UK Escalator 100 fund.

• Date published: 09.06.2008

FSA cuts regulatory fees

Watchdog says growth of funds under management have improved economies off scale

• Date published: 09.06.2008

Parmenion adds passive funds to range

Platform service Parmenion Capital Partners has added a range of passive funds to its discretionary management services, to open up a range of low-cost beta products to IFAs and their clients.

• Date published: 09.06.2008

Thames River raises £106m for Multi Hedge+ fund

Thames River's Multi Hedge+ fund has raised more than £106m in its latest C share issue, taking net assets up to £385m.

• Date published: 09.06.2008

Fidelity to replace Stavis with with duo

Existing manager will take six-month sabbatical, but will oversee transition phase for new blood

• Date published: 09.06.2008

Swip multi-managers up exposure to bonds

Scottish Widows Investment Partnership multi-managers Simon Wood and Mark Harries have cranked up their exposure to investment-grade bonds, cutting back on gilts.

• Date published: 09.06.2008

iimia reduces exposure to Europe in favour of Japan

Iimia Fund Management's team has shifted regional allocation in favour of Japan, reducing exposure to Europe.

• Date published: 09.06.2008

TM Sipp Services cut cost of relaunched Sipp

TM Sipp Services has slashed the cost of its newly relaunched Elite Retirement Account Sipp by 35 per cent.

• Date published: 09.06.2008

Managers urge caution in Absolute Returns sector

Data from IMA reveals Absolute Returns sector which launched in March is fourth biggest seller but managers still urge caution

• Date published: 09.06.2008

First State adds two to global equities team

First State Investments has bolstered its global equities team with two senior appointments.

• Date published: 09.06.2008

Guinness fund gets triple-A rating

Guinness Asset Management’s £67m Global Energy fund has received a triple-A rating from Standard & Poor's.

• Date published: 09.06.2008

Jarvis takes charge at Pictet Eastern European Trust

Manager previously specialised in emerging European markets for Pictet's global emerging equity portfolios

• Date published: 09.06.2008

Midas releases details of merged UK fund range

Combined investment team to manage products following acquisition of iimia

• Date published: 09.06.2008

Mirae unveils details of nine new Sicavs

Funds to go live in two tranches this summer and will be mirror versions of firm's existing Asian products

• Date published: 09.06.2008

Norwich Union rolls out two structured products

Norwich Union is launching two structured products designed to offer two and a half times the return of the FTSE100, over either three or six years.

• Date published: 09.06.2008

Arc rolls out Kick-Out Plan 5

Arc Capital & Income has announced the launch of the latest version of its Stepped Kick-Out plan, which will offer investors two options based upon either a triple index or a dual index structure.

• Date published: 09.06.2008

Scottish life data shows advisers want fee-based structures

The vast majority of advisers want – and in some cases are already using – fee-based structures for remuneration, Scottish Life has claimed.

• Date published: 09.06.2008

FSA petitions High Court to close UKLI

Watchdog accuses UK's largest landbanking company of operating unauthorised collective investment scheme

• Date published: 09.06.2008

Lib Dems calls on goverment to mitigate effects of coming slowdown

The Liberal Democrats have warned economic data released last week does not bode well for the current government, claiming it backs up fears of tough times ahead for the UK.

• Date published: 09.06.2008

Caddick takes position in River & Mercantile's UK Equity fund

Fund accounts for 5.5 per cent in LVAM's Balanced Managed and Stockmarket funds

• Date published: 09.06.2008

SLI's Legget takes contrarian measures

Manager sells out of mining companies and redeploys in consumer and housing stocks

• Date published: 09.06.2008

BlackRock takes on Throgmorton Trust

Small-cap focused investment company £271m Throgmorton Trust, which recently lost star manager Roger Whiteoak, has appointed BlackRock to manage the fund, and will now allow the new team to short stocks synthetically.

• Date published: 09.06.2008

Phaunos Timber fund proposes move to LSE

The closed-end £254.7m Phaunos Timber fund is proposing to move its listing from Aim to the main market on the London Stock Exchange.

• Date published: 09.06.2008

Potter and Burdett increase exposure to Japan

Thames River Capitals' multi-managers Gary Potter and Rob Burdett have increased their exposure to Japan, claiming the market is rising as those elsewhere struggle.

• Date published: 09.06.2008

Impax appoints Clements as investment manager

Environmental investment house Impax Group has appointed Lee Clements as investment manager.

• Date published: 09.06.2008

Macquarie launches emerging market index

Macquarie Capital has announced the launch of its Emerging Markets Infrastructure and Development index.

• Date published: 09.06.2008

Fidelity's McCarron looks to Russia for opportunities

European fund benefitting from continuing high price of oil which is boosting Russian economy

• Date published: 09.06.2008

Lighthouse Group makes adviser and broker appointment

IFA firm Lighthouse Group has announced the appointment of Shore Capital and Corporate as its nominated adviser and Shore Capital Stockbrokers as its broker.

• Date published: 09.06.2008

Franklin Templeton launches pair of fixed income funds

Company received green light to launch the two onshore offerings last week

• Date published: 09.06.2008

MPC votes to keep 5% rate

The Bank of England’s Monetary Policy Committee voted last week to maintain the base rate at 5per cent.

• Date published: 09.06.2008

Insinger rolls out Sustainable Values fund

Insinger de Beaufort has launched an SRI-focused multi-manager portfolio, dubbed the Sustainable Values fund.

• Date published: 09.06.2008

IFAs divided over Skandia's decision to drop Young

Skandia claims move was not performance related, but had come about after research into Treasury Asia

• Date published: 09.06.2008

SocGen looks for approval to merge funds

Société Générale Asset Management is seeking shareholder approval to merge two of its funds into another pair of vehicles.

• Date published: 09.06.2008

New Star to host conference on Indian equity

New Star Asset Management will host an Indian equity conference for advisers in London on 12 June.

• Date published: 09.06.2008

Former Swip manager joins UBS

Former Scottish Widows Investment Partnership manager Alix Stewart has joined UBS Global Asset Management’s global bond team.

• Date published: 09.06.2008

Du Toit urges fund houses to be more innovative

Investec Asset Management chief executive calls for 'solution orientated products'

• Date published: 09.06.2008

Alliance Trust flexes asset management muscles

Alliance Trust has confirmed it is one step closer to rolling out a series of open-ended funds, having secured FSA approval for its asset management business.

• Date published: 09.06.2008

Managers see signs of hope in Japan

Fund managers have begun to see signs of hope emerging in Japanese equity markets, with rising inflation signalling a possible shift out of bonds, as well as Japanese banks holding up well against their western counterparts.

• Date published: 09.06.2008

Chancellor brings in panel to oversee BoE

An external panel of City experts is to be brought in to oversee the Bank of England, the chancellor of the exchequer announced last week.

• Date published: 09.06.2008

Keydata launches three structured product plans

Keydata Investment Services has launched three structured product plans.

• Date published: 09.06.2008

Matthews takes over Invesco fund

Invesco Perpetual has handed Michael Matthews the reins to its £220.9m Sterling Bond fund, after more than two years as co-manager.

• Date published: 09.06.2008

Sarasin agri-fund launch attracts £50m

Sarasin & Partners’ AgriSar fund launch has attracted £50m in its first eight weeks.

• Date published: 09.06.2008

Legg Mason launches emerging markets fund

Legg Mason Investments has launched its Batterymarch Emerging Markets Equity fund.

• Date published: 09.06.2008

UBS's Brumsen to take on senior adviser role

Matthew Brumsen, head of wealth management UK, and northern and eastern Europe at UBS Wealth Management, is stepping down from his role.

• Date published: 09.06.2008

HSBC offers capital protection

HSBC Global Markets has announced the launch of two new capital-protected structured products, to be followed by a range of bespoke products using the firm’s derivatives expertise.

• Date published: 09.06.2008

Japanese rising inflation provides hope: Resolution

Fund managers have begun to see signs of hope emerging in Japanese equity markets, with rising inflation signalling a possible shift out of bonds, as well as Japanese banks holding up well against their western counterparts.

• Date published: 06.06.2008

Peter Jarvis to lead management of Eastern European Trust

The £282.5m Eastern European Trust has appointed Peter Jarvis as lead manager, replacing Agne Zitkute.

• Date published: 05.06.2008

Thames River multi-managers increase exposure to Japan

Thames River Capital's multi-managers Gary Potter and Rob Burdett have increased their exposure to Japan, claiming the market is rising in the face of falling markets elsewhere.

• Date published: 05.06.2008

Norwich Union launches structured products

• Date published: 05.06.2008

OECD forecast signals tough times ahead warns Lib Dems

The Liberal Democrats have warned economic data released last week does not bode well for the current government, claiming it backs up fears of tough times ahead for the UK.

• Date published: 05.06.2008

BlackRock team to co-manage Throgmorton Trust

Small-cap focused investment company £271m Throgmorton Trust, which recently lost star manager Roger Whiteoak, has appointed BlackRock managers, and is allowing the new team to short stocks synthetically.

• Date published: 05.06.2008

Mirae lifts lid on first European fund

Mirae Asset Management has lifted the lid on the first of its funds to be launched in Europe.

• Date published: 04.06.2008

Thames River's Multi Hedge fund raises £106m

Thames River's Multi Hedge+ fund has raised more than £106m in its latest C share issue, taking net assets up to £385m

• Date published: 03.06.2008

LVAM hires Falle as European equities manager

LV= Asset Management (LVAM) has recruited Richard Falle from Associated Fund Solutions as principal European equities fund manager.

• Date published: 02.06.2008

FSA lowers fund manager fees by up to 4.7 per cent

The Financial Services Authority (FSA) has reduced its regulatory fees for fund managers by as much as 4.7 per cent from its proposed fees for 2008-09, citing growing funds under management as improving economies of scale.

• Date published: 02.06.2008

Alliance Trust appoints emerging markets manager

Investment trust giant £2.9bn Alliance Trust has appointed Kevin Craig as investment manager in its global emerging markets team.

• Date published: 02.06.2008

Parmenion offers low-cost beta products to IFAs

Platform service Parmenion Capital Partners has added a range of passive funds to its discretionary management services, to open up a range of low-cost beta products to IFAs and their clients.

• Date published: 02.06.2008

Franklin given go-ahead for onshore fixed income funds

Franklin Templeton Investments has received the green light from the Financial Services Authority (FSA) to launch two onshore fixed income funds.

• Date published: 02.06.2008