Investment

Natixis Global Asset Management has launched a global concentrated equity fund with a focus on long-term value.

Unicorn Asset Management has hired two junior fund managers to work across the group's fund range.

Schroders has hired British Cycling's head coach as a consultant, tasking him with analysing the behavioural biases of senior fund managers.

Fund managers are turning away from the IPO hype which has seen many companies list this year, to concentrate instead on ‘overshadowed' mid-cap stocks.

Thinking outside the box

Traditionally, fund managers have only ever shown investors the top ten stocks they are currently holding when they send out their latest factsheets.

AIM-listed wealth management group European Wealth reported a rise in assets of nearly a quarter in the first six months of the year.

Ian McVeigh and Steve Davies, managers of the £1.1bn Jupiter UK Growth fund, have said domestic investors should be wary of a number of ‘disruptive events' which could impact share prices over the next 12 months.

The US' two main markets climbed to record highs on Thursday, driven by better than expected jobs data.

Legal & General Investments is to merge its active North American fund into its much US index fund, as well as merging two of its Asia-Pacific mandates.