Managed funds

Tony Lanning, head of multi-manager at Gartmore, explains the thinking behind the group's MultiManager Absolute Return fund range

ASSET ALLOCATION

Henderson plans to change the investment policy of its £296.7m Managed Distribution fund to allow wider use of derivatives.

Mike Sargeant, a former managing director of boutique multi-manager Lawrence House, has announced his retirement.

Investment advisers have hailed the announcement Anthony Bolton's Fidelity China Special Situations fund had raised £460m from its initial public offering as "a bloody good result".

ON ASSET ALLOCATION

F&C's multi-manager team has introduced a fund which offers a hedge against eurozone equity volatility.

LV= Asset Management has appointed F&C's Toby Vaughan as principal fund manager within its multi-manager team.

Premier Asset Management has renamed its Absolute Growth fund and switched its IMA sector classification to more adequately reflect the fund's new investment remit.

Strong corporate balance sheets are good news for equities