Multi-asset

The managers of Polar Capital's UK Absolute Return fund have used the turbulence of the past fortnight to increase net market exposure to its highest level this year, adding to positions in favoured banks and miners.

ASSET ALLOCATION

HSBC Asset Management's Jon Rebak has dropped Schroder Global Property Securities from the Open Global Return and Open Global Distribution funds since taking over less than three weeks ago.

London has failed in a bid to stall voting on a controversial EU plan to tighten regulation on alternative investment funds.

Schroders has made hedge fund group Sloane Robinson accessible to retail investors with the addition of a new fund to its GAIA platform.

Piper and Oliver cherry pick strategies in multi-manager range

ABSOLUTE RETURNS

Octopus is planning to add a new product to its IM Octopus multi-manager fund range in the autumn.

ABSOLUTE RETURNS

Quality Capital Management (QCM) is pushing into the retail market with the launch of a Ucits III version of its managed futures hedge fund.