Multi-asset

ASSET ALLOCATION

Investec's Alastair Mundy is continuing to hold Norwegian bonds and gold in his £1.56bn Cautious Managed fund to protect investors should the efforts to stabilise the financial system eventually fail.

Cazenove is planning to launch an income fund for co-heads of multi-manager Marcus Brookes and Robin McDonald.

Martin Currie is considering launching Ucits III versions of three of its hedge funds, ahead of the debut of its three latest absolute return vehicles.

Multi-managers are boosting their exposure to Japan following the Government's moves to weaken the currency.

SECTOR ANALYSIS

Henderson's Mark Harris has warned investors in fixed income funds will lose money over the next ten years.

ON ASSET ALLOCATION

Swip Multi-Manager has hired FOUR Capital Partners to manage a mandate for its UK Equity Focus fund with an initial size of £256m.

The managers of the Henderson Managed Distribution fund have added put options and a short equity index future into the portfolio on expectations of near-term pressure for stock markets.