FTAdviser.com

Artemis paints bleak picture for banks

Story by: Nick Rice, Investment Adviser

Banks could be hit by billions of pounds of future liabilities adding to the woes of the financial sector, Artemis Fund Managers has warned.

• Time published: 00:01
• Date published: 04.08.2008
• Published in: Investments

Nucleus predicts raft of wraps for the UK

Chief executive maintains consolidation will follow in sector following wraps proliferation

• Date published: 04.08.2008

Exposure to healthcare boosts Fidelity fund

Manager underweight in financials while taking advantage of opportunities in health

• Date published: 04.08.2008

Henderson launches onshore clone of Horizon fund

Manager can use Ucits III powers to produce annualised return of Libor plus 250 basis points

• Date published: 04.08.2008

IMF sees no end in sight for credit crunch

There is no immediate end in sight for the credit crunch, and the current economic malaise will last well into 2009, according to the International Monetary Fund.

• Date published: 04.08.2008

db x-trackers looks to ETF market with Shariah product launch

Db x-trackers is hoping to break new ground in the ETF market with the launch of regional, Shariah-compliant ETFs on the London Stock Exchange.

• Date published: 04.08.2008

JPMorgan positive on multinationals

JPMorgan Asset Management has said the long-term outlook for US and European multinational consumer companies is strong despite worsening economic forecasts.

• Date published: 04.08.2008

SVM in talent hunt to profit from upswing

Managing director claims chances were missed to find managers who could take advantage of any lift

• Date published: 04.08.2008

HICL completes aqcuisition of PFI interests

HSBC Infrastructure Company, the London Stock Exchange-listed infrastructure investment company, announced that it has completed the acquisition of additional interests in three Private Finance Initiative projects for £8.3m.

• Date published: 04.08.2008

Maia will continue to include emerging market debt, says partner

Maia Capital has defended its use of emerging market debt following rampant inflation in the developing world.

• Date published: 04.08.2008

Edinburgh Dragon sees interest beyond Olympics

Survey reveals managers confident Chinese growth will continue after Games

• Date published: 04.08.2008

Jupiter sees valuation gaps as opportunities

Manager predicts Europe still has strong growth characteristics and could latch onto emerging markets

• Date published: 04.08.2008

OBSR awards A-rating to Fidelity funds

Fund ratings agency OBSR has awarded an A-rating to four different Fidelity Investments funds.

• Date published: 04.08.2008

Lyxor rolls out first Gulf equity ETF

Lyxor Asset Management has launched the first Gulf equity ETF in response to investor demand.

• Date published: 04.08.2008

Hexam talks Turkey over European returns

Turkey will be the country that offers investors the best returns in Europe for the rest of 2008, according to Stuart Richards, manager of Hexam's £24m Emerging Europe fund.

• Date published: 04.08.2008

AIC welcomes Customs' VAT back claim move

The Association of Investment Companies has welcomed the decision by HM Revenue & Customs to meet back claims of VAT for venture capital trusts.

• Date published: 04.08.2008

Neptune Investment Management

On page 1 of last week's Investment Adviser, the article "City Financial in talks for UK retail business" said the owners of City Financial in 2007 acquired "the UK retail fund business of Neptune Investment Management."

• Date published: 04.08.2008

Arc looks to branch out

Arc Capital & Income is mooting the possibility of a number of new products as it looks to market its business to a broader client base.

• Date published: 04.08.2008

Close announces new team after departures

Close sales and marketing director declines to comment on whether firm will be seeking new Aim VCTs

• Date published: 04.08.2008

Henderson warns on low confidence

Tony Dolphin predicts Europe and the UK could fall into recession in a few quarters

• Date published: 04.08.2008

NDFA launches two Plans

NDFA announced that it has launched two new structured products, the Regular Fixed Income Plan July 08 and the Fixed Income Plan July 08.

• Date published: 04.08.2008

Newton announces move of Absolute Intrepid into new sector

Newton Investment Management announced it has moved its £365m Absolute Intrepid fund into the new IMA Absolute Return sector as it is better suited to the fund.

• Date published: 04.08.2008

Treasury announces asset management consultation

HM Treasury has pushed ahead with its intention to enhance the competitiveness of the UK's asset management industry through the introduction of three consultation papers.

• Date published: 04.08.2008

IMA rings changes for bond sector

Firms will have until 29 August to agree on the sector into which their funds will be classified

• Date published: 04.08.2008

RLAM appoints Lawton-Browne

Royal London Asset Management has appointed Carola Lawton-Browne to the newly created position of portfolio risk manager within the firm’s investment team.

• Date published: 04.08.2008

Henderson announces name change for Enhanced Sterling Liquidity fund

Henderson Global Investors announced it will change the name of its £313m Enhanced Sterling Liquidity fund to the Cash fund on 1 August to better reflect its investment strategy.

• Date published: 04.08.2008

First State hires two to Transactions and Capital projects group

First State Investments has made two new appointments to its infrastructure investment team in London.

• Date published: 04.08.2008

Baer appoints Stephen Moore as head of UK sales

Julius Baer announced that it has appointed Stephen Moore as head of sales for the UK, where he will focus on expanding client relationships with multi-managers, fund of funds and insurance companies.

• Date published: 04.08.2008

Barings appoints Tim Lord as head of client service

Baring Asset Management announced that it has appointed Tim Lord as head of client service and relationship development in London, effective immediately.

• Date published: 04.08.2008

Dundee to distribute Sicav

Dundee Wealth Management is looking to distribute its Dynamic Investment fund Sicav into the UK later this year.

• Date published: 04.08.2008

S&P's fund ratings now available on TrustNet

Standard & Poor’s fund management ratings are now available on TrustNet, joining the likes of OBSR and Financial Express.

• Date published: 04.08.2008

Collins Stewart appoints Brown as head of fund sales

Collins Stewart Fund Management has appointed Mike Brown as head of fund sales. Mr Brown, who has more than 22 years’ experience, will lead sales of the multi-asset, multi-manager funds and specialist equity, fixed interest and hedge funds.

• Date published: 04.08.2008

BlackRock Greater Europe names Devlin as co-manager

The BlackRock Greater Europe investment trust has named Vincent Devlin as its new co-manager.

• Date published: 04.08.2008

SLI's Matthews joins Friends Provident

Trevor Matthews, the former chief executive of Standard Life, has joined Friends Provident in the same role.

• Date published: 04.08.2008

Gait takes reins of India fund after Tohani quits

David Gait will be joined by Angus Tulloch to manage £30m Indian Subcoontinent fund

• Date published: 04.08.2008

BNP Paribas and Insinger create new company

France-based BNP Paribas Private Bank has joined forces with Insinger de Beaufort, an Anglo-Dutch banking group offering private banking and asset management, to create a new wealth manager.

• Date published: 04.08.2008

M&G launches Pan European Dividend fund

M&G Investments is enhancing its presence in the equity income fund market with the launch of the Pan European Dividend fund.

• Date published: 04.08.2008

Argonaut plans absolute return fund

Argonaut Capital Partners plans to launch a European Absolute Return fund later this year with its joint-venture partner Resolution Asset Management.

• Date published: 04.08.2008

L&G looks to global equity fund

Legal & General Group is looking at developing a global equity fund next year to expand its multi-manager range.

• Date published: 04.08.2008

Skandia refutes T Bailey's claims over MoMs

Skandia Investment Group has rebuffed claims from T Bailey Asset Management about the disadvantages of managers of managers.

• Date published: 04.08.2008

Valuation gaps offer opportunities in Europe: Jupiter

Valuation gaps have created opportunities in Europe excluding the UK, according to Jupiter Unit Trust Managers.

• Date published: 30.07.2008

SVM seeks US value talent in view of market rally

SVM Asset Management's multi-manager team has said it is looking for US value talent in anticipation of a market rally.

• Date published: 30.07.2008

Skandia defends managers of managers

Skandia Investment Group has rebuffed claims from T Bailey Asset Management about the disadvantages of managers of managers.

• Date published: 30.07.2008

Maia Capital defends use of emerging market debt

Maia Capital has defended its use of emerging market debt following rampant inflation in the developing world.

• Date published: 30.07.2008

Credit crunch to continue into 2009, IMF warns

There is no immediate end in sight for the credit crunch, according to the International Monetary Fund (IMF).

• Date published: 28.07.2008