Multi-asset

Brenda Reed, the manager of Fidelity's £334m Global Focus fund, is leaving to join a New York-based hedge fund.

ON ASSET ALLOCATION

Aberdeen co-heads of multi-manager Graham Duce and Aidan Kearney have been building up cash across their MM range on expectations of near-term pressure for equity markets.

Discretionary manager Fund Intelligence is tapping into adviser demand for outsourced solutions post-RDR by offering a range of model portfolios for ethically-focused investors.

Gold catapulted to a new high yesterday charging above $1,3000 an ounce for the first ever time.

French MEPs may veto the Alternative Fund Managers Directive (AIFMD) including a key provision for passporting of investment products, which would allow fund managers to sell products across Europe.

HSBC has introduced hedged sterling share classes for its recently launched absolute return vehicles - the GIF European Equity Alpha and GIF Global Emerging Markets Equity Alpha funds.

Pictet is launching a Luxembourg-domiciled long/short fund focusing on the Greater China region.

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PROPERTY