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Marlborough embarks on talent search for new funds

Story by: Nick Rice, Investment Adviser

Marlborough Fund Managers has announced it is looking for talent to launch Europe ex UK and Japan equity portfolios.

• Time published: 00:01
• Date published: 14.07.2008
• Published in: Investments

Thames River takes heavy weighting in Japan

Thames River Capital has taken a heavy weighting in Japan in its multi-manager portfolios following a period of low valuations in the region.

• Date published: 16.07.2008

F&C predicts further rate rises from ECB

Further interest rate hikes may be forthcoming, despite indications by the European Central Bank that rates will not be raised any higher, according to F&C Investments.

• Date published: 14.07.2008

Atlantis hires Wat for Singapore

Atlantis Investment Management has hired a new manager to set up a Singapore office and launch a new south-east Asia fund before the end of the year.

• Date published: 14.07.2008

Number of VCT managers set to dwindle, says Octopus

Firm claims industry due for bout of takeover activity, which could reduce total number of managers

• Date published: 14.07.2008

Phaunos aims to raise £17m

The £235.6m Phaunos Timber fund, which migrated to the London Stock Exchange’s main market last month, is aiming to raise $33m (£17m) with a new share placing.

• Date published: 14.07.2008

Nucleus calls on FSA to agree shorter client asset move timeframe

Nucleus Financial Group has called on the FSA and the industry to agree a shorter timeframe for moving client assets between funds.

• Date published: 14.07.2008

Schroder sow seed for agricultural Land fund

Schroder Investment Management is planning to launch an Agricultural Land fund, which will aim to exploit the long-term returns generated from the growing demand on agricultural land's use and productivity.

• Date published: 14.07.2008

Mott warns on following commodities, resources craze

PSigma manager claims current stock market similar to period before tech bubble burst in 2000

• Date published: 14.07.2008

UK Service sector hits rough patch

The UK service sector, which currently makes up 75 per cent of the economy, contracted at its quickest rate in nearly seven years during June, fuelling already pessimistic economic expectations.

• Date published: 14.07.2008

Positive plans to train 500 IFAs by 2010

Newcastle-based IFA firm Positive Solutions plans to plug the growing hole in the IFA community by training 500 new advisers by 2010.

• Date published: 14.07.2008

Baillie Gifford manager expected to step down next year

The long-standing manager of Baillie Gifford’s £103.3m Pacific Horizon investment trust is expected to step down next year and be replaced by Mike Gush.

• Date published: 14.07.2008

Funds of funds surpass manager of managers

Funds of funds have continued to outstrip managers of managers over three and five years, according to T Bailey Asset Management.

• Date published: 14.07.2008

AIMA to announce first worldwide standards for FoHFs next year

The Alternative Investment Management Association has said it will announce the first worldwide standards for the fund of hedge funds industry early next year.

• Date published: 14.07.2008

Premier looks to alternative energy

Alternative energy is proving to be the latest fertile investment ground for Premier Asset Management's £11m European Growth fund.

• Date published: 14.07.2008

Legg Mason's George sees a bounce for US small caps

Manager of firm's US smaller Companies fund claims technology could resurface as tool for productivity in slow-growth environment

• Date published: 14.07.2008

Allianz urges investors to go for Bric

Company's study shows investing across all four economies could offset volatility

• Date published: 14.07.2008

UK now in bear market, says F&C's Scott

Manager of UK Growth & Income fund points to FTSE drop and moribund equity markets

• Date published: 14.07.2008

Henderson ups weighting on government bonds

The multi-manager team at Henderson Global Investors has been upping its exposure to government bonds off the back of a deteriorating economic outlook.

• Date published: 14.07.2008

Emerging market equities hit by global inflation, says Raiffeisen

Emerging market equities are suffering from the recent surge in global inflation, according to Raiffeisen Capital Management.

• Date published: 14.07.2008

BlackRock hires De Mones as global product specialist

BlackRock has appointed former ABN Amro Asset Management boss Alexis De Mones as global product specialist in its fixed income team.

• Date published: 14.07.2008

iShares plans to extend inflation-linked ETF range

IShares plans to extend its inflation-linked bond ETF range as rising inflation pressures continue to remain top of the agenda for the global economy.

• Date published: 14.07.2008

FundsNetwork, Fssc to host careers forums

Fidelity FundsNetwork and the Financial Services Skills Council are to host a series of IFA careers forums around the UK in July and August.

• Date published: 14.07.2008

IAM management aqcuire firm from Fortis

Employees at fund of hedge funds specialist International Asset Management have bought the company from Fortis Investments following its merger with ABN Amro Asset Management.

• Date published: 14.07.2008

OBSR removes AA ratings from some multi-manager funds

Old Broad Street Research has removed ratings from a number of multi-manager funds from some of the leading investment houses due to recent manager changes.

• Date published: 14.07.2008

Two Fidelity funds turned around after appointment of new managers

£675.9m UK Growth and £262.6m UK Aggressive funds are now top decile over six months

• Date published: 14.07.2008

Size does not matter

Henderson and Thames River satisfied with inflows given difficult conditions

• Date published: 14.07.2008

HSBC announces structured products launch

Pair of capital-protected plans will target both the UK and emerging markets

• Date published: 14.07.2008

Experts divided over possible MPC cuts

Industry figures are divided as to whether the Monetary Policy Committee will make further interest-rate cuts this year in light of the recent announcement that the MPC has decided to hold rates at 5 per cent.

• Date published: 14.07.2008

Sir John Templeton passes away

Legendary investor and mutual fund pioneer Sir John Templeton died last week of pneumonia aged 95.

• Date published: 14.07.2008

Dow Jones Indexes launches African index

Dow Jones Indexes has launched the Dow Jones Africa Titans 50, a pan-African index that measures the stock performance of 50 companies headquartered or generating the majority of their revenues in Africa.

• Date published: 14.07.2008

New Star announces plans to merge two funds

Company hopes to boost performance with a more flexible investment mandate

• Date published: 14.07.2008

Credit Suisse hires Jeremy Hippolite

Credit Suisse has appointed Jeremy Hippolite as director and product specialist in asset management to advise its UK private banking clients on multi-asset solutions as part of a team lead by Michael Pinggera.

• Date published: 14.07.2008

Gartmore still sees value in Latin America

Latin America continues to present value opportunities despite strong stock market gains, according to Gartmore Investment Management.

• Date published: 14.07.2008

Greystone acquires Roger Harris

Cheshire-based IFA firm Greystone Financial Services has announced the acquisition of Midlands-based wealth manager Roger Harris.

• Date published: 14.07.2008

Steve Brann leaves Midas Capital Partners

Midas Capital Partners has announced that Steve Brann has left the company and stepped down from managing its £59m CF Miton Arctutus fund.

• Date published: 14.07.2008

Thesis voices concerns over global emerging markets

Thesis Asset Management is steering its Optima fund of funds range and private client portfolios away from global emerging market managers.

• Date published: 14.07.2008

IFAs increasingly aware of importance of the web

IFAs are increasingly recognising the importance of the internet to consumers searching for financial advice, according to research by unbiased.co.uk.

• Date published: 14.07.2008

Carne Global launches "Best Practice" product

Carne Global Financial Services Group has launched a Hedge & Traditional Fund Valuation "Best Practice" product to help asset managers follow valuation best practice across all asset classes and products.

• Date published: 14.07.2008

F&C shares fall after Dawnay Day offload investments

Shares in F&C Asset Management fell by more than a quarter of their stock market value last week after the company's second-largest shareholder, Dawnay Day, offloaded a sizeable chunk of its investments.

• Date published: 14.07.2008

S&P's upgrades funds to AA-rating

Standard and Poor's has upgraded the Principal Global Investors Emerging Markets Equity and European Equity funds to a AA-rating.

• Date published: 14.07.2008

M&G to launch Global Dividend fund

M&G Investments is targeting a 4 per cent yield with its Global Dividend fund, which will be launched on 18 July and managed by Stuart Rhodes.

• Date published: 14.07.2008

Fitch predicts mergers

Fitch Ratings has predicted a wave of consolidation and outsourcing in the retail space, following worsening conditions for asset managers.

• Date published: 14.07.2008

Lazard to raise profile among IFAs

Lazard Asset Management is looking to raise its brand profile among IFAs by broadening its product range and improving online support.

• Date published: 14.07.2008

Absolute return craze a flash in the pan: Maia

Manager claims approach will remain popular only while markets are falling

• Date published: 14.07.2008

Greystone acquires wealth manager Roger Harris

Cheshire-based IFA firm Greystone Financial Services has announced the acquisition of Midlands-based wealth manager Roger Harris.

• Date published: 11.07.2008

Baillie Gifford to change management of Pacific Horizon

The long-standing manager of Baillie Gifford's £103.3m Pacific Horizon Investment Trust is expected to step down next year.

• Date published: 08.07.2008

Schroders targets returns from agricultural land

Schroder Investment Management is planning to launch an Agricultural Land fund, aimed at exploiting the long term returns from agricultural land brought on by the growing demand on its use and productivity.

• Date published: 07.07.2008