Managed funds

RBS has closed its Volatility Controlled Cautious Managed and Balanced Managed funds less than two years after launch, after both funds racked up heavy losses.

Jupiter's Merlin multi-manager team, led by CIO John Chatfeild-Roberts, have refused to rule out the possibility of a default by a nation in "the garlic belt" of Mediterranean countries.

MAM Funds' Martin Gray is eyeing developed market government bonds with a view to reinvesting in the asset class, after taking profits over the summer.

Threadneedle has launched a multi-asset absolute return fund for new hire Toby Nangle who joined the group this year from Barings.

Jupiter chief investment officer John Chatfeild-Roberts has outlined the shape of his Merlin Conservative portfolio, which will launch later this month, marking the fifth edition to his £7bn strong fund of funds range.

Apollo Multi Asset's Tom McGrath considers the possible unintended consequences of Fed chief Ben Bernanke unleashing a third round of quantitative easing at the upcoming meeting.

Wealth manager Brooks Macdonald has announced a spate of acquisitions alongside a hike in profits which have jumped 17% to £8.5m year-on-year.

Invesco Perpetual has appointed David Millar, Dave Jubb and Richard Batty to form a new multi-asset group as part of a drive to expand its business.

Smith & Williamson Investment Management is launching a range of risk-rated funds via SimplyBiz's investment service Verbatim.

Investment boutique Dominion Fund Management has launched a global trends product, designed to capitalise on the growth of ten specific global sectors.