Fidelity

David Dalton-Brown is to quit his position as head of Fidelity FundsNetwork, the firm has confirmed.

There has been a lot of interest in corporate bond funds this year as investors have sought to make their cash work harder against a backdrop of low policy rates.

Many moons ago, I mentioned in this column my leisurely lunch one fine summer's day with Mr Ed Moisson from Lipper, during which we discussed the costs involved with fund management.

Foreign & Colonial Investment trust has appointed Simon Fraser as a non-executive director and chairman designate.

Fidelity is set to complete the final phase of its multi-manager fund rationalisation, which will result in the closure of its FundsNetwork PortfolioManager range.

Sanjeev Shah's move to add a basket of financial stocks at the height of market fear following the Lehman fall has paid off for his top-decile Fidelity Special Situations fund.

Former Fidelity multi-manager head Simon Ellis is joining Legal & General Investment Management (LGIM) as managing director of its retail business.

Fidelity's Trevor Greetham has boosted commodities exposure in his Multi Asset Strategic fund after the manager's investment clock model moved to the ‘overheat' phase for the first time since 2007.

The UK stock market feels less volatile, and there are tangible signs of stabilisation and incremental improvement in the global economy.

Only 12% of the UK's most highly rated fund managers believe bonds will outperform equities over the next 12 months, according to a survey by Chelsea Financial Services.