Alternatives

Sir Paul Ruddock, head and co-founder of hedge fund Lansdowne Partners, is to step down from his role at the end of June.

The trader suspended from GLG amid an FSA insider dealing probe worked on co-founder Pierre Lagrange's European long/short fund, Investment Week can reveal.

INFRASTRUCTURE

Barclays shares rose almost 9% on Tuesday and ended the day up more than 7%, buoyed by news of a £1.7bn cost-cutting plan, announced in its strategic review.

The £1.3bn Witan Investment trust has moved to quarterly dividend payments after announcing a 10% rise in payouts for 2012.

Psigma Investment Management has teamed up with TwentyFour Asset Management to seed a new fund for its clients - the TwentyFour Asset Backed Income fund.

Kuber Ventures has unveiled a six strong line-up of EIS fund managers, two months on from launching the first ever EIS platform.

Allianz Global Investors is planning the launch of a closed-ended infrastructure debt fund backed by the UK government, to be run by a specialist debt team hired in July last year.

Premier has hired former Framlington CIO Neil Birrell to run its £63m Alternative Strategies fund, after co-manager Raj Hallen exited the firm.

Investors continue to weigh up the benefits of proactive central bank policy against the muted levels of economic growth from developed countries in a deleveraging world.