UK equity income managers have found their early purchases of Lloyds Banking Group thwarted by a longer than expected delay in the bank restarting dividend payments.
J O Hambro Capital Management (JOHCM) has recruited a former Fidelity investment team ahead of the launch of a small and mid-cap US equity fund this quarter.
Insight Investment's flagship Equity Market Neutral fund is planning to increase its exposure to European equities following the hire of portfolio manager Gareth Jenkins.
Fund managers have been feeling the squeeze on pricing this year, with distributors including Hargreaves Lansdown forcing down headline prices on funds as businesses adapt to the new world.