Legal and General

Legal & General Investment Management said today its profits had risen to £119m in the first half of 2012, after assets under management climbed 3% to £381bn.

REGULATION

Simon Ellis, managing director of Legal & General Investments, outlines his views on the future of categorising absolute return funds.

A number of fund providers are supporting the split of the Absolute Return sector into sub-categories based on strategy, which could see many vehicles in the Unclassified and Specialist sectors moved into the new groupings.

Simon Ellis, managing director at Legal & General Investments, explains why investors are wrong to view index funds purely as capital growth plays.

Leading fund managers are divided over whether investors should participate in equity markets if central banks across Europe provide a further round of stimulus.

Leading asset managers are calling for drastic changes to the way the IMA operates, with some arguing the trade body should no longer be responsible for sector names or definitions.

AUSTRALIA

INVESTING

Claire McGuckin has joined Kames Capital's fixed income team as an investment manager working alongside Phil Miburn.