Multi-asset

Octopus Investments has hired former New Star and Fidelity manager Thierry Serero as it prepares to launch a European Absolute Return fund.

Morgan Stanley has warned an $8.8bn property fund could face losses of up to $5.4bn.

Thames River expects a raft of real estate investment trusts to float this year as Europe's banks look to establish listed vehicles or dispose of properties to Reit managers.

London Central Portfolio will close its Recovery fund this week and is aiming to take advantage of pre-election jitters in the property market.

Threadneedle plans to move its Credit Opportunities fund into the IMA Absolute Return sector to more accurately reflect its investment objective.

Investment advisers have hailed the announcement Anthony Bolton's Fidelity China Special Situations fund had raised £460m from its initial public offering as "a bloody good result".

ON ASSET ALLOCATION

CONJECTURE

Are hedge funds a blessing or a bogey-man for the world's capital markets? When it comes to emerging markets, the answer seems to be ‘it depends'.

Martin Currie has closed its China hedge fund to new subscriptions after assets under management reached $203m.