Multi-asset

Matrix has launched an absolute return bond fund to be managed by Lazard Asset Management.

F&C is hoping to prevent its Commercial Property trust (FCPT) being merged into the UK Commercial Property trust by offering an alternative deal.

Global hedge funds suffered the heaviest losses for 18 months in May having come into the poor month for equity markets with large long positions.

COMMENT

FUND MANAGER FOCUS

SPECIALIST MARKETS

Wealth adviser Towry has appointed Aberdeen head of multi-manager Robert Dawkins as chief investment officer.

ASSET ALLOCATION

Martin Currie has acquired the $140m Sofaer Capital European hedge fund along with its management team.

Shift into equities delivers average return of 26.8% over one year, with Henderson Global Strategic Capital top of performance tables over the period