Managed funds

HSBC is considering launching a global fund of passive funds as a low cost alternative to its actively-managed vehicle.

Paul Harvey is to leave the multi-manager unit he set up at GLG Partners.

Newton Investment Management is renaming its Equity & Bond fund and lowering its equity exposure.

F&C head of retail multi-management Dean Cheeseman believes continued hedge fund convergence into the retail space will dominate 2010's product launches.

Fund managers in the US have become more optimistic over the state of the US economy and markets, according to Hans Hamre of multi-manager specialist FundQuest.

PSigma Investment Management has promoted Balanced Managed Fund of Funds manager Tom Becket to its CIO position.

I think 2010 could surprise the sceptics, many of whom were wrong-footed by the 2009 rally.

Aberdeen has acquired £13.5bn of long-only multi-manager and fund of hedge fund assets from RBS Asset Management for £84.7m.

F&C's multi-manager team has added L&G Managed Monthly Income to the bond portion of its Lifestyle Defensive portfolio.

T.Bailey is capping the TER of its new passive international equity fund at 0.99% for the leading unit class.