News

Schroders is to reopen its $3.1bn Commodity fund, run by Robert Howell, having restricted access to the vehicle in February 2010.

F&C has confirmed its head of funds and investment trusts Charlie Porter is set to leave the group, with Thames River's Mike Warren becoming head of F&C's retail business.

PIMCO's Bill Gross has questioned the long term inflation-adjusted returns of equities and argues the "cult of equity is dying" to be replaced by the "cult of inflation".

Nichola Pease, formerly CEO at JO Hambro Capital Management, will join the board of Schroders as a non-executive director next month.

Standard & Poor's has cut its outlook on Tesco to negative in the belief declining profitability may force it to cut the UK retailer's credit rating in future.

Rathbones' Julian Chillingworth, manager of the £49m Blue Chip Income & Growth fund, has cut back his defensive positions as he believes they have become overvalued.

Fidelity's Ian Spreadbury has revealed how he would cope with a sudden round of redemptions if demand for corporate bond funds reverses.

First State Investments will no longer accept new platform business for its £5.6bn Asia Pacific Leaders and offshore Global Emerging Markets Select funds in an effort to limit inflows.

Wealth manager St James's Place is considering a discretionary fund management (DFM) offering to land high net worth (HNW) clients.

Charlie Porter is to step back from his role at the helm of F&C Investments, Investment Week understands.