Defaqto's Potaczek appointed as head of UK proposition
Fund groups have closed dollar denominated funds today as New York was declared a major disaster area following the devastating impact of Hurricane Sandy.
F&C Asset Management has reported a drop in AUM between the second and third quarters as it continues to see outflows from its wholesales arm and Thames River.
Thames River investment director Mike Warren has left the firm, Investment Week understands.
F&C Investments has moved to cut the annual management charge (AMC) across its £385m Lifestyle range, run by co-heads of multi-manager Gary Potter and Rob Burdett.
Thames River is set to close Ken Kinsey-Quick's £54m Multi Hedge fund, returning the cash to shareholders next month.
F&C's outgoing head of funds and investment trusts Charlie Porter has praised former activist investor and now group chairman Edward Bramson's strategic plan for the asset manager.
Over the past three years just two out of 1,237 funds in the IMA universe have delivered the perfect blend of top of the sector 3-year returns with bottom of the sector 3-year volatility, according to research from Thames River multi-manager heads Rob...
Thames River Capital's Jeremy Charles has joined Old Mutual Wealth Management as chief operating officer.