BlackRock

The UK is two years behind the US in terms of economic recovery, a leading fund manager has warned.

UK equity income funds are nearing single stock limits on key holdings, causing concentration risk fears to mount, but which funds are taking the biggest bets?

BlackRock has promoted Stefan Gries to co-manager of its European Absolute Alpha fund alongside Vincent Devlin.

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

BlackRock has launched its first UK domiciled fund investing in Asian equities for manager Andrew Swan, head of its Asian fundamental equities team.

Blackrock has completed the purchase of Credit Suisse's ETF business as part of an expansion into the Swiss market.

The Investment Management Association (IMA) has begun publicly revealing Targeted Absolute Return funds' rolling 12-month performance as part of a tightening of requirements, following widespread criticism of the sector.

Former BlackRock head of UK retail Mark Elliott is to join Franklin Templeton as the latter reorganises its UK sales team.

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