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Tech star Ben Rogoff has blamed the "formidable headwind" of small caps for a 5% fall in NAV for the Polar Capital Technology trust over the six months to 31 October 2011.

CHRISTMAS NAIVETY

Asset managers have accused platforms of harming investor interests because they are unable to support tax efficient property funds, which were given a welcome boost in last week's Finance Bill.

The government has relaxed the tax rules on Property Authorised Investment Funds (PAIFs) and REITs in a move set to increase the number of these vehicles in the marketplace.

Ex-Witan investment trust CEO Robert Clarke has joined MAM Funds in the newly created role of group finance director and director of operations.

Angela Merkel and Nicholas Sarkozy are set to meet today as political commentators warn Europe is entering the end game for the crisis, which must be resolved this week to save the euro.

Managers believe sensible business plans will support housebuilders and offer greater scope to grow profits than government's stimulus package.

The administrator of liquidated fund group Castlestone Management (CML) has said it is "very unlikely" it can rescue the company in its current form based on its assets and liabilities.

The IMA is changing the name of its Managed sectors to fall into line with the Association of British Insurers (ABI) fund categories.