RLAM

Mid-cap managers are adding to their highest-conviction holdings following the harsh sell-off experienced by the FTSE 250, a fall they argue "has neither rhyme nor reason."

Three Co-operative fund managers have left Royal London Asset Management following the integration of the two businesses.

Royal London's Derek Mitchell has urged caution on the surging housebuilding sector, which has been a major contributor to mid-cap fund performance over recent months.

Mid cap managers are reviewing some of their key holdings following the latest re-shuffle of the FTSE indices, which has seen two popular stocks promoted.

Royal London Asset Management (RLAM)'s Martin Cholwill has upped his stake in Brewin Dolphin as he backs three wealth managers to survive the post-RDR world.

Royal London Asset Management (RLAM) is planning to launch an absolute return bond fund later this year for Paul Rayner and Craig Inches, Investment Week understands.

Royal London Asset Management's Ivor Pether will take over management of the £405m RLAM UK Equity fund following the departure of the firm's head of equities, Jane Coffey.

Royal London Asset Management(RLAM) head of equities Jane Coffey is "in discussions" with the group over her future as the group overhauls the management of some of its equity funds.

Assets on Royal London's wrap platform Ascentric grew 42% to £4.7bn in the nine months to 30 September, with new inflows dropping 18% to £856m.

Top UK equity income managers have been cutting their weighting in tobacco stocks as concerns over earnings momentum and new rules on plain packaging put pressure on share prices.