schroders

GOSLING'S GROUSE

Schroders' Richard Buxton has reiterated his support for Korean state-controlled oil producer KNOC's hostile pursuit for Dana Petroleum.

Schroders has promoted Rory Bateman to the role of head of European equities, replacing Gary Clarke who left for J.P. Morgan earlier this year.

FUND MANAGER FOCUS

Schroders' Matthew Dobbs has taken his fund's Singapore weighting from 10% to 20% since May, as prices have become more attractive.

South Korea state-owned oil company KNOC has launched a £1.87bn hostile takeover bid for Dana Petroleum, a figure likely to tempt the Aberdeen-based group's largest shareholder Schroders.

Schroders CIO Alan Brown has urged investors to undertake a major rethink of their traditional asset allocation models after the credit crunch exposed the dangers of static portfolio construction.

CREDIT CRISIS: 3 YEARS ON

RWC Partners is poised to unveil a trio of funds for star recruits Nick Purves and Ian Lance, including a covered call strategy similar to the managers' former Schroder Income Maximiser vehicle.

Schroders' Richard Buxton remains bullish on the long-term earnings potential in the banking sector after the UK's big-four reported strong profits last week.