Managed funds

The head of Investec Asset Management's value team, Alastair Mundy, is holding on to his out of favour gold positions on expectations of an upcoming bear market.

Hermes Investment Management is launching its first product for the recently launched multi-asset team headed by Tommaso Mancuso.

Returns on a typical 60/40 US equity and fixed income portfolio over the next decade may be half those seen over the previous 50 years, according to Morgan Stanley strategists.

Rathbones' chief executive Mike Webb, a long-time proponent of risk targeted investments, has said the method makes fund managers work harder for investors.

The single biggest challenge facing markets is normalisation of monetary policy, but although central banks are urging caution, markets are ignoring the warnings, argues Jupiter's Miles Geldard.

BlackRock is set to overhaul the investment strategy of its Balanced Income portfolio to attract more investors as interest in the product has waned.

M&G is to cut the annual management charge (AMC) on two of its Episode multi-asset funds by 5bps next month.

Asset allocation

Troy Trojan fund manager Sebastian Lyon has said equity market dynamics in 2014 are comparable to those seen ahead of the financial crisis in 2007.

Kevin Addison has joined the funds arm of Brooks Macdonald as head of sales.