Funds

'This market offers no extreme outliers'

Chris Rice and Tim Russell have annnounced the fundraising for their first offering through new firm Sanditon Asset Management was oversubscribed.

Nick Train has outlined the main themes which affected the performance of his Lindsell Train investment trust over the last year, noting a 'flight to quality', technological change, and India all impacted the fund in different ways.

Former Morningstar OBSR researcher Chetan Modi has joined Allfunds Bank as a senior fund analyst as part of the group's push to increase its UK-based fund research team.

Hargreave Hale is seeking to raise £20m for its VCT range from new and existing investors.

Guinness Asset Management has launched the Guinness AIM EIS 2014, which is targeting capital growth and aims at investing in AIM-listed companies which qualify for EIS reliefs.

AXA Wealth's Corporate Investment Services business is increasing the investment universe for employee benefits consultants by adding exchange traded funds (ETFs) to its bespoke Investment Only offering.

Polar Capital is looking to expand its number of investment teams, adding it has been encouraged by "unsolicited approaches", after nearly doubling assets under management in its last financial year.

Adrian Lowcock has left Hargreaves Lansdown after just 18 months at the D2C platform giant.

Wealth manager Charles Stanley has reported a 33% drop in profit before tax following a year of "significant" cost which has seen it spend millions on acquisitions.