Multi-asset

After only a year since launch, former Insight manager Ana Armstrong has seen her IM Distinction Diversified Real Return (DRR) fund deliver stellar returns in the year since launch, outperforming its longer-established peers.

Disappointing 2010 for funds of hedge funds lifted by 3.5% return in the fourth quarter as funds of long/short equity funds finally perform

ON ASSET ALLOCATION

RUSSIA

Investors in the top 10 hedge funds reaped returns of $28bn (£17.2bn) in the second half of last year alone, according to new data.

The price of gold has hit a record high on concerns about unrest in the Middle East and contagion risk from Libya, while oil has topped the $116 a barrel mark.

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.