European equity funds focusing on value stocks have posted almost double the returns of their growth-oriented rivals this year, as cyclical companies and the European periphery outperform quality growth plays.
Polar Capital has launched a global biotechnology fund for recent hire David Pinniger, as it seeks to build on its formidable reputation in the space.
Odey Asset Management is to launch a European Absolute Return fund for manager Feras Al-Chalabi later this year.
Royal Bank of Scotland today reported a loss of £634m before tax in the third quarter, undershooting estimates by some way, while it also announced plans to create an 'internal' bad bank to run down its book of bad loans.
J.P. Morgan Asset Management has launched a Total Emerging Markets Income fund to be run by Richard Titherington and Pierre-Yves Bareau.
Last month, quarterly retail fund sales reached a peak not seen since 2011, according to the latest figures released by the Investment Management Association (IMA).