F&C Asset Management

F&C chairman Edward Bramson has won the backing of investors including George Soros for a new buyout fund that will target a mid-cap UK company.

F&C Asset Management has launched the F&C Real Estate Equity Long/Short fund for managers Raymond Lahaut and Marcus Phayre-Mudge.

Fund managers are boosting exposure to UK-listed asset management firms in their portfolios, seeing them as well-placed to act as a "tremendous play" on the next equity bull run.

Edward Bramson completed his strategic review into F&C Asset Management today, revealing plans to expand its range of investment trusts and to market F&C multi-manager funds direct to consumers.

F&C Investments has appointed Mark Nichols to take over the group's European Growth and Income fund following former manager Paras Anand's departure to Fidelity.

F&C's share price rocketed in early trading as investors welcomed plans from Sherborne Investors' Edward Bramson to slash costs and cut staff.

Specialist investment house Newscape Capital Group is readying the launch of a global spin-off fund aiming to take advantage of businesses going through demergers.