active managed funds

Hawksmoor Investment Management's Richard Scott has stepped down from his position as chief investment officer to take a more active fund management role.

City Financial plans to launch an independent fund research service in the spring for Peter Toogood and Gill Hutchinson.

Royal London Asset Management(RLAM) head of equities Jane Coffey is "in discussions" with the group over her future as the group overhauls the management of some of its equity funds.

S&P Capital IQ has launched a grading system for ETFs that will treat passive funds as a separate asset class.

FUND CHARGES

The Investment Management Association (IMA) has launched its fourth managed sector, Mixed Investment 0-35% Shares, after 13 funds submitted applications to join the group.

The IMA has re-launched its Managed sectors with new names and definitions, apart from the Mixed Investment 0-35% Shares sector which has been delayed.

Nigel Legge's new firm Vinculum is intending to launch a second fund investing in US equities next year.

The Active Managed sector has suffered from market volatility in the short term, but managers have held their nerve.

IMA PLANS FAIL INVESTORS