news in brief

• David Jacob is to join Henderson Global Investors as head of fixed income. As the group now has in...

• David Jacob is to join Henderson Global Investors as head of fixed income. As the group now has individual heads of equities, fixed interest, property and private capital, the role of chief investment officer (CIO) is no longer necessary and current CIO Ian Buckley is therefore leaving the group in March 2005. Jacob previously worked at UBS Asset Management, where he was pan-European head of fixed income responsible for a 50-strong team across the UK, Switzerland and Germany. • Aberdeen has closed its American Value fund after an investor decided to withdraw £20m, or 62.5%, of the fund t...