News

First State Investments' Angus Tulloch and two members of his team are to take over management of the £192m Scottish Oriental Companies trust next year.

David Jacob, managing director of investment management at Henderson Group, has sold 429,000 shares at 120.60p.

Markets around the world rallied sharply in the first quarter on hopes the eurozone debt crisis had reached a nadir, while oil shot up sharply amid uncertainties in the Middle East. A number of UK-domiciled funds stood out against their peers in Q1 this...

India's main index suffered a sell-off this morning after an earthquake registering 8.7 on the Richter scale struck off the coast of nearby Indonesia.

Santander's multi-manager team has added the $233m Brown Advisory American fund to its portfolios as it concentrates active US exposure around three core holdings.

Barclays has launched a structured products service allowing financial advisers to tweak its product suite to suit the needs of clients.

SWIP multi-manager head Mark Harries is moving back into equities, after halving his exposure following last August's sell-off.

ACTIVISTS

The managers of the £98m Melchior North American Opportunities fund have reversed out of defensive names into more economically sensitive sectors, following the string of positive economic data that has emerged from the US in recent months.

Jonathan Ruffer, founder and director of boutique investment house Ruffer, has stepped back from direct involvement in the fund management within the firm.