small-cap

Legg Mason is introducing a sterling-hedged share class on its offshore Legg Mason Royce US Small Cap Opportunity Fund in response to client demand in the UK.

Giles Hargreave has been boosting his stakes in online gaming companies, to capitalise on a relaxation of legal restrictions on internet gambling in the United States.

Miton is preparing to add a new product to its stable for the two managers it recently poached from Matterley.

Pioneer Investments has appointed David Glazer to the newly-created role of global equities portfolio manager, based in Boston.

Peter Webb, the manager of the two worst-performing funds of 2012, has described his frustrations in trying to sell many of the "illiquid" positions he inherited on the portfolios, and his hopes for a turnaround in performance this year.

Merchant House has withdrawn its listing on the AIM exchange after it was unable to raise sufficient funding.

Investec Asset Management has moved to limit inflows into its award-winning UK Smaller Companies fund, run by Phil Rodrigs.

Four years on from the demise of Lehman Brothers the effects of the financial crisis are still being felt across the global economy, stunting GDP growth across both developed and emerging economies.

Small caps and European focused investment trusts topped the performance charts in the third quarter, while Japanese portfolios lagged, new data from Oriel Securities has revealed.

Hermes Fund Managers has launched a US small and mid-cap equity fund based on a strategy run by its US team for over a decade.