New funds expected to be unveiled this Autumn
Story by: Sharon Flaherty, FTAdviser
Liontrust is preparing to launch a range of new funds this Autumn and is in talks to hire a new fund manager, FTAdviser has learned.
Managers split over banding sector by standard deviation or investment process
The glut of absolute return funds hitting the shelves in the coming months will make the going tougher for IFAs, two fund management houses have warned.
Gartmore has appointed Luke Newman as a portfolio manager on its UK team, where he will work alongside Ben Wallace on the recently launched UK Absolute Return and AlphaGen Octanis funds.
Asset management houses remain divided over the structure of the IMA Absolute Return sector, despite the industry body's review a month ago.
The glut of absolute return funds hitting the shelves in the coming months will make the going tougher for IFAs, two fund management houses have warned.
Alignment Investors has hired three investment professionals in a bid to boost the firm’s absolute-return-focused fixed income investments.
Henderson New Star has signalled its intention to start marketing the £211m Henderson Credit Alpha fund to retail investors.
BNY Mellon Asset Management is mulling the launch of a number of Ireland-domiciled Oeics, including a global version of the £573m Newton Real Return fund, formerly known as the Absolute Intrepid.
Dublin-based asset manager Bloxham plans to launch an absolute return fund to the Irish market within months and to the UK retail space early next year.
Stephen Thariyan, Henderson Credit Alpha fund manager, talks about overcoming some bad timing
Advertising
In the big scheme of things, this is a relatively small, new sector, and many of its members are young enough to remember their last nappy change.
Funds you either love or hate
Location: Leeds
Salary: Basic salary is £70,000 plus OTE £120K plus benefits
Location: Nationwide
Salary: £70,000 +++
Location: (CITY AND HOME COUNTIES)
Salary: Employed or Self Employed
When most people think of a financial adviser, they think of ‘the man from the Pru’: ear...