Managed funds

In the latest Conjecture debate, our panelists from Aberdeen Asset Management, S&P Capital IQ and Scottish Widows Investment Partnership discussed Multi Manager.

Santander multi-managers Tom Caddick and Toby Vaughan have bought into the BNY Mellon Absolute Return Equity fund as they take a "relatively cautious" view on risk assets.

Darwin's David Jane has bought back into banks for the first time in ‘many years' in the view they are trading well below book value and can rise significantly from here.

ON AA

Invesco Perpetual is bringing a range of multi-asset, risk-rated funds to the UK run by its Atlanta-based global asset allocation team headed by CIO Scott Wolle.

Owning gilts has made the single largest contribution to recent performance of the £761m Miton Special Situations fund, and there is more money to be made in the asset class, said manager Martin Gray.

Distinction Asset Management has converted its Cautious Return fund into a multi-manager absolute return portfolio, managed by Armstrong Investment Managers.

Seven Investment Management (7IM ) has launched an unconstrained fund with a charging structure that is discounted when performance is down.

Wealth manager and stockbroker WH Ireland has launched a UK EIS Growth fund in partnership with Harcourt Capital, seeking to raise an initial £10m.

Ian Maybury has joined Schroders in the newly created role of head of solutions management in its multi-asset and portfolio solutions group.