Managed funds

As investors await the 'great rotation' into equities, Aviva Investors' head of multi-asset retail funds, Peter Fitzgerald, takes a look at what to expect from portfolios if bond markets were to sell off.

Old Mutual Global Investors has seen inflows of more than £100m into Richard Buxton's UK Alpha fund, ahead of his arrival at the group.

ON TRUSTS

Investors should be cutting their exposure to Asia and emerging markets and looking more to the developed world, according to F&C co-head of multi-manager Gary Potter.

Specialist fund manager Polar Capital has seen assets under management surge in the last 12 months, rising by over 40% as inflows into Japan and climbing equity markets provide a boost.

J.P. Morgan Asset Management (JPMAM) is closing two underperforming funds, including a commodities fund run by Neil Gregson which has suffered sizeable losses following the sell-off in the mining sector.

Investec Asset Management has launched an offshore version of John Stopford's Global Diversified Income fund.

ON ASSET ALLOCATION

Richard Philbin, the former F&C and Architas multi-manager, has teamed up with the founder of Skandia's Best Ideas range Alan Durrant to launch a new multi-manager business.

Henderson is to scrap the yield target on two of its multi-manager funds due to "dramatic changes" in the income environment", Investment Week can reveal.