News

The former global head of distribution at Gartmore, Phil Wagstaff, is set to join Skandia Investment Group (SIG) as CEO.

A continued deterioration in economic news flow could prompt a 30% to 40% swing in equity markets, according to James Inglis-Jones, manager of the £295m Liontrust Income fund.

Ignis' top performing property manager George Shaw has cut the cash weighting in his £854m UK Property fund by a third in the last few months as he eyes up a move to increase the fund's yield.

Ted Alexander and Robin Geffen have revealed potential positions for their global long/short fund, to be launched on 1 November.

Germany has cut its economic growth forecast over fears its exports will slow, the BBC reports.

BlackRock is bringing a version of its concentrated UK Focus fund, managed by Luke Chappell and Imran Sattar, to the retail market.

Henderson is to soft-close Ben Wallace and Luke Newman's Henderson UK Absolute Return OEIC and Henderson Gartmore UK Absolute Return SICAV.

Fidelity Worldwide Investment has boosted its multi-manager team with the hire of James Bateman.

The Treasury has created a steering group tasked with developing a range of simple financial products.

F&C's Sam Cosh has taken over the lead management of the European Assets trust following the departure of Paras Anand to Fidelity.