fund managers

Polar Capital has increased assets under management (AUM) by 80% in the nine months to December 2013 despite closing its UK equity desk, the group's update has revealed.

Henderson Value trust's managers have pledged to avoid 'face-saving' sales and concentrate on realising the longer-term potential of stocks to turn the fortunes of the fund around.

Johan Swahn has joined Skagen Funds as a portfolio manager on its flagship €5.6bn Global fund.

Carmignac Gestion has brought in a new London-based European equities team to replace its existing managers in an attempt to improve the performance of its funds.

Schroders has launched a European credit fund for manager Patrick Vogel which aims to identify and tap into credit "sweet spots" across the continent in order to achieve a high yield.

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.

Fund groups found to have used commissions to pay for access to corporate executives will not face financial penalties, the FCA has said.

Miton is to offer its fund managers shares in the company in an effort to keep hold of top performers.

Assets under management held by UK fund managers hit a record high of £5.4trn by the end of 2012, with more than a third of funds originating from overseas clients, new research has revealed.

The finalists for this year's Professional Adviser International Fund & Product Awards 2013 have now been announced.