DFM

Boutique investment house Newscape Capital Group has closed its poorly-performing Dynamic Rates & Currency fund less than two years after bringing it to market, and has also shut its Absolute Bond fund, Investment Week understands.

QUICKFIRE Q&A

Skandia is poised to shake up the managed portfolio market with its suite of cut-price model funds, as the first look at WealthSelect reveals half the restricted range is priced at less than 60bps.

QUICKFIRE Q&A

Aviva Investors plans to launch a low volatility absolute return fund as it simplifies its product offering following the arrival of Euan Munro as CEO, Investment Week can reveal.

CONTRARIAN INVESTOR

Brooks Macdonald International has launched a managed portfolio service for advisers' international investors.

Last night Incisive Media held its Gold Standard Awards at the House of Commons, recognising those firms in the financial services industry with the highest standards of governance and social responsibility.

STRUCTURED PRODUCTS

Charles Hepworth, investment director in charge of the DFM proposition at GAM, is selling his stake in Standard Life Investments' Global Absolute Return Strategies (GARS) fund on size concerns.