Funds

FMYA: Highlights from the night

Lazard Asset Management is set to build on the success of its Global Listed Infrastructure Equity fund through the launch of a concentrated global equity portfolio.

Mark Mobius has stepped back from his role as lead manager of the Templeton Emerging Markets investment trust after 26 years, to be replaced by Carlos Hardenberg.

In pictures: Fund Manager of the Year

What makes a stand-out fund manager?

Smith and Williamson's James Burns has said that value is beginning to re-emerge in the investment trust sector, after discounts significantly narrowed at the end of last year.

HMRC is to hold regular stakeholder forums to help clarify and develop the rules surrounding EIS, SEIS and VCT schemes.

Boston Consulting Group's annual global asset management report has revealed that retail fund fees in the UK fell by some 10% last year as price pressures began to be felt in the domestic market.

The managers of the Ruffer investment company have warned that markets and banks are unprepared for a future crisis, while investors are facing higher risks than ever before as liquidity dries up.

The manager of a table-topping biotechnology trust has said careful use of the closed-ended structure has enabled him to outperform, including holding half of his assets in just five stocks.