Europe

ON EUROPE

Threadneedle has closed its European Smaller Companies Crescendo hedge fund and launched a new absolute return portfolio focused on the region.

Eurozone countries could get a far greater say in each others' economic policies, according to draft documents the BBC has reportedly seen.

The new Irish government could hit holders of bank debt with serious ‘haircuts', drying up bank funding and even derailing the European economic recovery, bond managers have warned.

F&C is preparing to launch a European absolute return fund for latest hire Randeep Grewal.

Henderson's Bill McQuaker has reshaped the group's multi-manager range, giving it a greater European focus.

The JO Hambro Continental European fund has outperformed the Europe ex UK sector average nine out of the 10 years it has been in existence.

French asset management firm Carmignac Gestion has announced its intention to expand into the UK market this year.

Rob Burnett, Neptune's head of European equities, has taken over the management of the European Income fund, supported by his team, following the departure of Karim Ladha.

A permanent €500bn (£420.3bn) bail-out fund has been set up to support countries in the eurozone.