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Luckcraft apologises for underperformance

00:01 | 15 May 2008 | By David Campbell

George Luckcraft has apologised to investors over poor performance on his AXA Framlington Equity Income and Monthly Income funds, blaming financial stocks.

IMA proposes major bond sector shake-up

00:01 | 13 May 2008 | By David Campbell

The IMA is proposing a radical overhaul of the UK bond sector in order to ensure it remains relevant to the products on offer.

BNY Mellon's Allpress considers options following Feeney appointment

11:08 | 12 May 2008 | By David Campbell

BNY Mellon Asset Management director of wholesale business Mark Allpress is considering his options within the company after his role was made redundant last month.

New Star to merge underperforming Japan and US funds

10:46 | 12 May 2008 | By Matthew Goodburn

New Star Asset Management is merging its underperforming Japan and North American funds into its Pacific Growth and American fund of funds portfolio respectively.

Premier to rename Utilities Investment Trust

08:40 | 12 May 2008 | By Nicholas Paler

Premier is to change the name of its Utilities investment trust in order to better reflect its’ asset allocation.

The Week in Funds:De Blonay calls time on crunch

00:01 | 10 May 2008 | By Matthew Goodburn

Old Mutual attacks FSA on 'guided' sales as Skandia sales fall

14:09 | 08 May 2008 | By Edward Lander

Jim Sutcliffe, Old Mutual chief executive, has criticised the FSA's proposal for a 'guided' sales channel after sales in Skandia, its main UK business, slumped in the first quarter.

SVM binds staff with equity offer

10:41 | 06 May 2008 | By David Campbell

SVM Asset Management has launched a share conversion scheme for staff members intended to bind key personnel to the company until at least its maturity data in 2010.

Aberdeen Asset Management posts mixed numbers

09:37 | 06 May 2008 | By David Campbell

Aberdeen Asset Management interim profit missed expectations, although assets unders management came in ahead of forecasts.  

Henderson plans £75m acquisition spree

13:31 | 02 May 2008 | By David Campbell

Henderson Global Investors', led by chief executive Roger Yates, is planning to spend £75 million on ‘bolt-on’ acquisitions in the coming months

Property price falls will be 'substantial, painful and prolonged', says F&C's Tigue

09:31 | 02 May 2008 | By Nicholas Paler

Jeremy Tigue, manager of the giant Foreign & Colonial investment trust has a bleak prognosis for house prices.

Bambos Hambi exits Gartmore

12:32 | 01 May 2008 | By Sara Smith

Gartmore's Bambos Hambi, who was recently removed as head of multi manager, has officially left the firm today.

Openwork and Octopus link up for funds range

12:22 | 29 Apr 2008 | By Chris Marshall

Openwork, the multi-tied network, has teamed up with Octopus Investments to set up a new investment company that is due to launch a range of funds this summer.

Fidelity to move into guided sales following RDR report

12:08 | 29 Apr 2008 | By Michelle McGagh

Peter Hicks, Fidelity's head of IFA channel, says the fund manager is planning a move into guided sales following confirmation by the FSA that it will allow this service category after the retail distribution review.

Witan investment trust picks Artemis' Stuart to run £75 million mandate

09:04 | 29 Apr 2008 | By Nicholas Paler

Witan selects Artemis' Derek Stuart (pictured), alongside Marathon Asset Management and Paris-based Varenne Capital Managers, to run segregated portfolios on its investment trust.

Record breaking Martin Currie in cautious outlook

00:01 | 29 Apr 2008 | By Sara Smith

Martin Currie vows to remain focused in tougher market conditions after enjoying a record 2007.

The Daily Interview: Emerging market banks will weather crisis, says Mobius

00:01 | 29 Apr 2008 | By Nicholas Paler

Templeton Asset Management’s Mark Mobius, is focusing on consumer facing stocks, as well as commodities, in order to generate returns for investors in his behemoth Templeton Emerging Markets investment trust.

Merrill Lynch takes on BlackRock name

10:01 | 28 Apr 2008 | By Sara Smith

BlackRock Merrill Lynch Investment Managers has completed rationalisation of its fund range following last year's merger between the two firms.  

Kate O'Neill resigns from Henderson Global Investors

15:47 | 24 Apr 2008 | By Nicholas Paler

Kate O'Neill, Henderson Global Investors' director of pan-European distribution and hedge funds, has resigned.

Pearl confirms Gavin Stewart will lead combined asset manager

15:30 | 23 Apr 2008 | By Nicholas Paler

Gavin Stewart, the chief executive of Resolution Asset Management, is to run Pearl Group’s enlarged asset management business after being promoted.

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