Morningstar

The bull run in UK mid caps could be coming to an end, with multi-managers starting to sell down top-performing funds in the sector and growth fears threatening consumer facing names.

INCOME

OBSR founders Richard Romer-Lee and Nigel Whittingham have left Morningstar OBSR to take a career break from the industry.

The Association of Investment Companies has joined Morningstar in urging investment companies to fully disclose portfolio holdings so they can compete with open-ended funds in a post-RDR environment.

At a conference last April, Jackie Beard, director of closed-end fund research at Morningstar UK, was horrified by some investment trust directors' lack of knowledge and awareness of the RDR. Over a year on, has she noticed any change?

Wealth managers considering whether it is the right time to buy back into European equities are starting to take a closer look at European offerings that have been out of the spotlight in recent years.

Invesco Perpetual is hoping to match the success of its £15bn fixed income range with the launch of its upcoming multi-asset arm, following the hire of three managers from Standard Life Investments' GARS team.

Marlborough's Giles Hargreave has been moving up the market cap spectrum in his Special Situations fund to boost liquidity, following a wave of inflows.

BIG INTERVIEW

Jim O'Neill has publicly ruled out following in the footsteps of Mervyn King and taking on the role of governor of the Bank of England.