Managed funds

Investec's Alastair Mundy has stepped down from his role as manager of the Investec Managed Distribution fund, handing the portfolio to John Stopford and Max King.

John Duffield's firm Brompton Asset Management is to launch three multi-manager funds into the market, marking his first foray back into the retail space since the sale of New Star.

Neptune has launched a Defensive Managed fund as it becomes the latest fund group to unveil a lower risk offering.

ON ASSET ALLOCATION

The Federal Reserve may have held back from unleashing a third round of quantitative easing as a joint central bank effort from around the globe may be around the corner, according to North Investment Partners' John Husselbee.

J.P. Morgan Asset Management is to incorporate risk-ratings into three of its multi-asset funds ahead of RDR.

A eurozone ‘divorce' is inevitable, according to Jupiter's John Chatfeild-Roberts, who suggested a German exit from the single currency might be a solution to the crisis.

M&G has expanded its multi-asset range of funds with the addition of a defensive portfolio, as part of a wider move to rebrand the range.

Max King, portfolio manager in Investec Asset Management's multi-asset team, asks whether the disparity between US and European equity market performance is justified, suggesting now could be the perfect entry point into stocks.

MAM Funds has renamed Martin Gray and James Sullivan's CF Miton Arcturus fund and is preparing to move it into the IMA's Absolute Return sector.