Managed funds

Paul Carne, manager of the F&C Lifestyle fund range, is leaving the company to join an institutional investment consultancy firm.

ON ASSET ALLOCATION

T. Bailey multi-manager Elliot Farley is reducing his exposure to fixed interest and emerging markets in favour of developed market equities.

Hasley Investment Management and Way Group are set to launch a fund of ETFs in association with Cass Business School of London.

Premier's multi-manager David Hambidge has warned absolute return funds are at risk of 'eating themselves' and may die out if they continue to underperform.

ON ASSET ALLOCATION

Jupiter's John Chatfeild-Roberts has introduced energy exposure into his £6bn Merlin multi-manager range to benefit from rising oil prices, driven by political turmoil in the Middle East.

ON ASSET ALLOCATION

The IMA's Absolute Return sector could be linked to the Managed sectors and broken down into risk profiles, according to director of markets.

The track record of active managers is being dragged down by the growing number of quasi-tracker funds in their peer group, according to recent research from the Yale School of Management.