Ucits

Multi-asset managers have been moving back into property for the first time since the financial crisis, as higher income levels from the sector attract yield-hungry investors.

The IMA is to create a "classy, comprehensive and responsive" help centre for fund groups looking to set up shop in the UK.

BUDGET

European politicians have voted to reform the bonus structure of fund managers, a move which puts the UK at a "competitive disadvantage" and could damage shareholder value, according to PwC.

Retail investors should be able to access less liquid investment strategies so they can benefit from longer-term investment decisions, according to new RWC Partners CEO Dan Mannix.

AIFMD

Former AXA Framlington Biotechnology fund manager Andy Smith has joined biopharma specialist Mann Bioinvest to launch an income-focused fund in the coming weeks.

Odey Asset Management is drafting plans for a UCITS version of Crispin Odey's flagship European hedge fund strategy as part of a wider expansion of its range, Investment Week understands.

Barclays has teamed up with Amundi Investment Solutions to launch a fund providing exposure to US takeovers.

UCIS