BlackRock

The board of Sam Vecht's Eastern European trust is seeking shareholder approval to revamp its policy, giving the manager greater off-benchmark flexibility.

Gold and resources funds continued to struggle in the first quarter of 2013, as investors remained in risk-on mode and opted for equities over safe havens such as the precious metal.

Colin Graham, BlackRock's co-head of global multi-asset strategies, is stepping down from his position at the firm after sixteen years of service.

Morningstar has voiced concerns about the lack of succession planning in the funds industry and the reluctance of groups to hand over large pots of money to young talent.

BlackRock is merging its UK Dynamic fund with its UK fund as part of a wider UK equity overhaul as Mark Lyttleton resigns from the group.

Bond managers have cut duration to record lows, anticipating a fresh spike in gilt yields as they settle at a higher trading range.

THE BIQ QUESTION

Some of the largest funds in the IMA Global Emerging Markets and Asia Pacific ex Japan sectors have significantly increased exposure to Indian equities over 12 months to the end of January.

The wealth arm of Barclays has scrapped plans to charge fund groups an administration fee when their products are recommended for private client portfolios.

Charles Hepworth, investment manager in charge of GAM's discretionary fund management (DFM) offering for UK IFAs launched in November, has revealed his top fund picks for the range.