Ucits

Boutique investment house Newscape Capital Group has closed its poorly-performing Dynamic Rates & Currency fund less than two years after bringing it to market, and has also shut its Absolute Bond fund, Investment Week understands.

Fund buyers have been selling down their exposure to Hugh Hendry's Eclectica Absolute Macro fund after his performance downturn accelerated at the start of 2014.

The Iveagh name is to vanish from the investment world in the near future after the group agreed a deal with City Financial which will see the latter buy its fund range this year.

NEWS ANALYSIS

THE BIG INTERVIEW

Vanguard Asset Management is lowering charges on a number of its LifeStrategy funds as the price was in passive investment continues to heat up.

Polar Capital has more than doubled its assets under management year-on-year, driven primarily by inflows into its Japanese products.

FOUR Capital Partners has soft-launched a European equity long/short fund after Sanlam provided seed capital for the portfolio.

iShares has launched three ultra-short bond ETFs and two short duration bond ETFs as investors seek out new ways to protect themselves if interest rates start to rise.

Neuberger Berman is to launch a manager of managers absolute return vehicle as discretionary fund managers look to re-enter the space for the first time since the financial crisis.