UK

BlackRock has evolved considerably since its early days as a US fixed income manager primarily servicing institutional investors. The group's head of UK retail, Tony Stenning, tells Kyle Caldwell how helping clients to understand investing in the post-RDR...

ON UK INCOME

NO NEED TO DOWNGRADE UK GDP FORECAST

MAM Funds is preparing to float a small and mid-cap biased equity income trust for new managing director Gervais Williams.

Schroders is this month launching the UK Core fund, the first in a suite of low cost actively-managed products, for Richard Buxton's UK equity team.

Carl Stick has totally sold out of bank holdings in his £483m Rathbone Income fund, looking instead to stocks in the insurance and retail sectors.

Bank of England governor Mervyn King has not ruled out another round of quantitative easing and has reiterated his belief the UK recovery will be choppy.

Collins Stewart has liquidated its UK Focus fund, after only garnering £1.6m in assets under management since launch in 2008.

ON UK GROWTH

Former M&G chief executive of equities Ed Rosengarten has joined Eden Group as the head of asset management.